EBI 9.2: INDIA GST: Need Clarification On ISD Input Service Distributor Tax Credit Distribution Procedure

(Doc ID 2284331.1)

Last updated on JULY 07, 2017

Applies to:

PeopleSoft Enterprise SCM Billing - Version 9.2 to 9.2 [Release 9]
Information in this document applies to any platform.


INDIA GST: ISD Input Service Distributor Tax Credit distribution procedure

What is the proposed way to handle GST law regulations related to "Input Service Distributor"(ISD) within PSFT Fin v9.2
GST registrations are under the same PAN on 5 states and our Head Office in one state should redistribute Tax credit to the other states for shared services paid from HO.

For reference, as per section 2 (56) of the MGL Act, “ Input Service Distributor” means an office of the supplier of goods and / or services which receives tax invoices towards receipt of input services and/or issues tax invoice for the purposes of distributing the credit of CGST /SGST/IGST paid on the said services to a supplier of taxable goods and / or services having same PAN as that of the office referred to above.



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