- Companies with multi-state presence must register as Input Service Distributor (ISD) with GST authorities by April 1, 2025
- The government amended the GST law to mandate ISD registration for businesses with multi-state GST registration
- ITC is apportioned based on turnover of branches with the same PAN
- CBIC has set April 1, 2025, as the deadline for ISD registration for multi-state companies
- The move aims to enhance operational transparency and ensure accurate distribution of tax credits
- Sectors like alcohol, petroleum, education, real estate, and health need to align their processes for tax credit management
- Companies have sufficient time to prepare for ISD provisions implementation and should enhance IT capabilities for compliance
Source: a2ztaxcorp.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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