📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!
  • google app store apple app store
    • ✖

      Question

      What is the fundamental objective of the Input Service

      Distributor (ISD) mechanism in GST? 
      A To collect GST from consumers on behalf of branches. Correct Answer Incorrect Answer
      B To distribute Input Tax Credit (ITC) on inward "services" received by the Head Office to its branches. Correct Answer Incorrect Answer
      C To allow branches to share their physical inventory with the Head Office. Correct Answer Incorrect Answer
      D To consolidate the turnover of all branches for the purpose of the Composition Scheme. E) To pay tax on behalf of the branches under the Reverse Charge Mechanism. Correct Answer Incorrect Answer

      Solution

      ISD is an office of the supplier of goods or services which receives tax invoices for "input services" and issues a prescribed document for distributing the credit of CGST, SGST, IGST, or UTGST to its branches.

      Practice Next
      More Accounts Questions

      Relevant for Exams:

      ask-question