The issue involved excess credit utilisation beyond the 20% cap in certain months. The Tribunal held that the rule does not ...

The department argued that credit must be split across units. The Tribunal ruled that Rule 7 allowed discretionary ...

We manufacture electrical fittings and have three manufacturing units and a corporate office. For the purpose of distribution of cenvat credit to the factories we have registered the corporate office ...

Starting April 1, a significant change is imminent in the GST system with the enforcement of the Input Service Distributor (ISD) mechanism. This mandatory alteration is designed to ensure that state ...

Companies having presence in multiple states and distributing common input tax credit with branch offices will have to register as Input Service Distributor (ISD) with GST authorities by April 1, 2025 ...

In significant relief to companies with branches in multiple cities, the finance ministry clarified the distribution of input tax credit between the head office and branch office as well as on the ...