ST Registration

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

09 June 2010 What is the difference between service provider registered as Input Service Distributor and service provider registered on the basis of limit????
Explain the concept and benefits of both respectievely,

Shyam Lal Naik

Shyam Lal Naik (Expert)
Follow

09 June 2010 Input Service Distributor:-

An input Service Distributor is a branch/Head Office/Administrative office. The actual service is not provided from these premises. However, bills for various services may be received at such places, although the relevant services might have been provided from other premises. Fro the purpose of distributing the credit charged in such bills, the premises is required to be registered as Input Service Distributor(ISD). This is the purpose and benefit of registration as ISD. In the absence of registration as ISD, the tax charged in the bills by the service providers can not be distributed to the actual service providing premises and the Cenvat to that extent would be lost.

The normal Service providing locstions shall have to get registered as output service providers on crossing the limit of Rs. 9 Lakhs. The benefit is, only on registration the person shall be eligible to charge Service tax in its bill. Else, the same has to be paid from own pocket.

Message likes : 1 times

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

SARAVANAN PALANISAMY

GST Karimnagar state

Darshan

Krishnamohan Gangaraju

CA Bijo scaria

Subscribe Now

ST Registration

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA