Input on insurance service
This query is : Resolved
30 June 2025
We have multiple branches all over India under same pan. We imported material at JNPT port in Maharashtra & same is dispatch to our another branch in Rajasthan, Gujrat, Haryana.
For above import we engage one insurance surveyor.
Insurance surveyor raise his invoice on maharashtra location.
Input on insurance surveyor invoice is require to distribute among distinct person through ISD.
Please advoice.
For above import we engage one insurance surveyor.
Insurance surveyor raise his invoice on maharashtra location.
Input on insurance surveyor invoice is require to distribute among distinct person through ISD.
Please advoice.
12 August 2025
ISD Registration:
Your company must be registered as an Input Service Distributor (ISD) under GST.
ISD registration allows centralized input services (like insurance, legal, consultancy) to be distributed as ITC to multiple branches (distinct persons under same PAN).
Invoice in Maharashtra Branch:
The insurance surveyor issues the invoice to the Maharashtra branch (place of supply).
The Maharashtra branch receives the credit on the insurance service GST paid.
Distribution of Credit via ISD:
Maharashtra branch, as ISD, can distribute the ITC to other branches (Rajasthan, Gujarat, Haryana) proportionate to their turnover or as per your internal policy.
This distribution is done by filing GST ITC-03 return by the ISD.
Accounting and Compliance:
Maintain proper records of the insurance service invoice.
Ensure correct proportionate distribution in ITC-03.
The branches receiving ITC will show it in their GSTR-3B returns under input credit received from ISD.
Your company must be registered as an Input Service Distributor (ISD) under GST.
ISD registration allows centralized input services (like insurance, legal, consultancy) to be distributed as ITC to multiple branches (distinct persons under same PAN).
Invoice in Maharashtra Branch:
The insurance surveyor issues the invoice to the Maharashtra branch (place of supply).
The Maharashtra branch receives the credit on the insurance service GST paid.
Distribution of Credit via ISD:
Maharashtra branch, as ISD, can distribute the ITC to other branches (Rajasthan, Gujarat, Haryana) proportionate to their turnover or as per your internal policy.
This distribution is done by filing GST ITC-03 return by the ISD.
Accounting and Compliance:
Maintain proper records of the insurance service invoice.
Ensure correct proportionate distribution in ITC-03.
The branches receiving ITC will show it in their GSTR-3B returns under input credit received from ISD.
20 August 2025
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