Topic

Publish Date

"Same-Month ISD Credit" Rule Struck Down: Telangana High Court Draws a Red Line

Input Service Distributor (ISD) credit is meant to be a "seamless flow" mechanism-an internal allocation tool that ensures GST paid on common input services is fairly and proportionately distributed to the right registrations. Yet, for years, businesses have faced a recurring compliance trap: what if eligible input tax credit (ITC) is accumulated over a period and distributed later-especially at year-end-rather than "month-by-month".......... Read More