Input service provider?
This query is : Resolved
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.
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
- STCG....................................................
- TAN for Partnership
- Sales return eway bill
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Suggestions required for income tax filing-software (FY 2025-26)
- STCG FOR GOLD ETFs
- E way bill for tractors
- LTCG for Assmt year 26-27
- GST Registration Horse racing
- Section 43B(h) – MSME Invoice Paid Before Year End but After 45 Days
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- 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
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
