ISD Credit distribution
This query is : Resolved
13 February 2020
Dear sir,
As per rule ISD needs to distribute the input credit in same month in which it is received, my query is the credit should be disteibuted in the same month in which it is booked in books of account or the month in which it appear in 6A..?
Kindly advise
Thanks
As per rule ISD needs to distribute the input credit in same month in which it is received, my query is the credit should be disteibuted in the same month in which it is booked in books of account or the month in which it appear in 6A..?
Kindly advise
Thanks
15 February 2020
Dear Mr Rahul, it is better to distribute ISD credit when it's appear in 6A, you may keep rest input tax credit in deferred account till appear in 6A.
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