Amendments to Input Service Distributors
On 1st February, 2024, while presenting the Interim Union Budget 2024, the Finance Minister, proposed to bring necessary amendments to the Central Goods and Services Tax (CGST) provisions with respect to Input Service Distributor (ISD).
- The amendments have been introduced to Section 2 and Section 20 of the Central Goods and Services Tax (CGST) Act, bringing noteworthy changes to the definition of “Input Service Distributor” and outlining the manner of credit distribution by such entities.
Existing Definition of ISD under GST
- The existing definition of ISD provides that it is an office of supplier of goods or services or both that ....
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