GST related query........

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Student
844 Points Posted on 19 June 2021
Input service distributor is required follow 105% itc rule for itc distribution(GSTR 6)?
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On 19 June 2021 at 03:09 Report
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Quick Summary
This discussion clarifies whether the 105% Input Tax Credit (ITC) rule applies to Input Service Distributors (ISDs) filing GSTR-6. It confirms that ISDs do not follow the 105% rule for ITC distribution. Instead, a different formula is used specifically for ISDs, while the 105% rule is generally applicable for taxpayers claiming ITC.

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Chartered Accountant
24588 Points Posted on 19 June 2021
No, ISD cannot follow 105% of ITC. There is another formula for ITC for ISD
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On 19 June 2021 at 05:56
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Tax Consultant & Practitioner
6195 Points Posted on 19 June 2021

105% Rule apply in all cases where tax payer is claiming ITC. 

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On 19 June 2021 at 13:27

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