The ITC available for distribution by an ISD should be distributed to the recipients in the same month itself. (Rule 39(1) (a) of the CGST Rules, 2017).
query 1:- what is ITC available for distribution means? it meana it is autopopulated in the GSTR 6A of month?
query 2:- In GSTR 6A some party status is shown as "counter party not submitted and counter party submitted "? for ITC distribution by input service distributor(GSTR 6) which one is considered?
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GSTR 6 and GSTR 6A QUERY......
Replies (1)
Summary
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ITC Available for Distribution: This is the total tax credit on input services received by your ISD office, which is compiled from the invoices uploaded by your suppliers.
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GSTR-6A Statuses:
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Not submitted: Supplier has uploaded data but not filed their return.
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Submitted: Supplier has formally filed their return.
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Action: Both statuses appear in your GSTR-6A for your reference, but the "Submitted" status provides a higher level of verification for the credit you distribute via your GSTR-6 return.
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