🌟 Mandatory ISD Compliance: Effective from April 1, 2025 🌟
- info687334
- Mar 23
- 1 min read
Attention, businesses operating across multiple locations! The Input Service Distributor (ISD) mechanism under GST is set to become mandatory starting April 1, 2025. This significant shift aims to ensure proper distribution of Input Tax Credit (ITC) and enhance compliance.
🔍 What You Need to Know:
✅ Scope: Applicable to businesses receiving common input services, including services under Reverse Charge Mechanism (RCM).
✅ ITC Distribution: Proportional allocation of ITC based on turnover across multiple branches.
✅ Compliance Requirements: ISD registration, issuance of ISD invoices, and filing of GSTR-6.
✅ Legal Backing: Notifications supporting these changes: Notification No. 12/2024-Central Tax (10.07.2024) Notification No. 16/2024-Central Tax (06.08.2024)
🛠️ Need Help?
Taxtime Consultancy Group is here to assist! With our GST expertise, we can guide your business through smooth ISD implementation while ensuring compliance.
📧 Email: info@taxtime.co.in bo@taxtime.co.in
📞 Call/WhatsApp: +91-8660248378 Support: +91-9867043352
🌐 Website: www.taxtime.co.in
Commentaires