An ISD shall distribute the ITC of RCM in the same manner of normal ITC on basis of turnover. The distributed ITC will be ...

The government is introducing the Input Service Distributor (ISD) system from April 1, 2025, to improve tax collection on ...

March 2025 is crucial for GST compliance, requiring businesses to complete 16 key actions. These include reconciling outward ...

The Government of India has made a lot of changes in the rules of Goods and Services Tax. Under this, the Input Service ...

The Indian government has introduced significant changes to the Goods and Services Tax (GST) regulations. Starting from April 1, 2025, a new Input Service Distributor (ISD) system will be implemented.

The Goods and Services Tax (GST) was implemented in July 2017 and multi-state GST registrations have been facing confusion regarding the process for distributing common input tax credits (ITC) availed ...

Previously, businesses had the option to utilize either the ISD mechanism or the cross-charge method for allocating common ITC to their other GST registrations. However, the Central Board of ...

Indian Tobacco Company’s chocolate brand Fabelle ... The box is only made-to-order to customers have to place their orders in advance. ITC's chocolate business is only two years old, but has ...