Input Service Distributer can distribute ITC credit even if invoices received post GST

By | August 2, 2017
(Last Updated On: August 2, 2017)

Question . Whether an Input Service Distributer (ISD) will be eligible to distribute the ITC in respect of services received during April 17 to June 17 even if the invoices are raised and submitted by contractors after appointed date i.e. in July 17.

Answer: In terms of section 140(7) of the CGST Act, 2017 the ISD will be able to distribute the available credit even
if the invoices are received after the appointed day.

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About CA Satbir Singh

Chartered Accountant having 12+ years of Experience in Taxation , Finance and GST related matters and can be reached at Email : Taxheal@gmail.com

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