Tag Archives: Rule 4 GST ITC Rules

 Distribution of input tax credit by Input Service Distributor Rule 4(d) of draft GST ITC Rules provides for the manner of distribution of ITC by an Input Service Distributor. The input tax credit that is required to be distributed in accordance with the provisions of clause (d) and (e) of sub-section (2) of Section 20… Read More »

Distribution of credit by ISD Rule 4 of draft GST ITC Rules provides for a mechanism for distribution of credit by ISD Issue The said Rule provides for distribution of credit in the ‘same month’ which also includes all ‘ineligible credits’. Suggestion It is suggested that Rule 4 be suitably amended to: a) permit distribution… Read More »