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Input service provider?

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17 July 2016 What is the actual meaning of input service provider? in simple language.
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CA AJAY KUMAR AGRAWAL

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CA AJAY KUMAR AGRAWAL (Expert)
18 July 2016 First please make clear whether it is "Input Service Provider" or "Input Service Distributor" i.e. ISD. An ISD is basically HO/Regd Office of a manufacturing unit / service provider unit. At these office many common services are availed (after payment of Service Tax). ISD may take Cenvat Credit of such Service Tax paid & transfer the same to concerned units where excisable goods are manufactured or taxable services are provided. The said Cenvat Credit (taken by ISD) may be utilized against Excise Duty/Service Tax payable at such manufacturing units / places from taxable services are provided. Relevant rule is Rule 7 of CCR 2004.
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