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.

Goal

INDIA GST: ISD Input Service Distributor Tax Credit distribution procedure

Details:
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.

 

Solution

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