Apportionment credit
This query is : Resolved
24 March 2025
If a common expenditure incurred like as security, house keeping, advertising.
Then is invoice demanded from out side vendor on Ho i. e ISD registered person. Is it correct, or any other else.
At the time of distributing input credit on service, is only input credit distribute or input credit plus service component charges both distribution to concern distinct person.
Please guide
Then is invoice demanded from out side vendor on Ho i. e ISD registered person. Is it correct, or any other else.
At the time of distributing input credit on service, is only input credit distribute or input credit plus service component charges both distribution to concern distinct person.
Please guide
13 April 2025
Yes, it is correct that the invoice for common expenditures is typically demanded from an outside vendor by the head office (HO), which is the ISD-registered person. This is because the ISD mechanism allows the head office to receive invoices for services used across multiple branches and distribute the Input Tax Credit (ITC) accordingly.
The ISD distributes only the ITC related to the input services. The actual service charges or costs are not part of the ITC distribution. Instead, these costs are typically allocated based on the business's internal accounting policies or agreements between branches.
The ISD distributes only the ITC related to the input services. The actual service charges or costs are not part of the ITC distribution. Instead, these costs are typically allocated based on the business's internal accounting policies or agreements between branches.
30 September 2025
Good luck....
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Off Market debit and credit transaction
- Itr 1 processing
- Reporting Income under Section 44ADA
- Showing Gift from relative in ITR for this year
- ITR 1: Details for showing Exempt Income
- Short Term Capital gain on shares bought and sold after 2018 onwards
- ITR returnFY25-26
- ITR selection for salaries and capital gain less than L
- Share accounting-->fifo - capital gain - period as per fifo?
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
