Input service provider?
This query is : Resolved
Harsh Golecha
(Querist)
17 July 2016
What is the actual meaning of input service provider? in simple language.
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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