Since the time GST has been in force, w.e.f. 1 July 2017, there has been quite an amount of deliberation, debate and ambiguity on the aspects of “Input Service Distribution (ISD)” and “Cross-charge”. There has always been a doubt as to whether both are required to be followed parallelly, or either one of them can be followed, or none is required to be followed. To add to this, a few AAARs have also been decided on the aspect of ISD and Cross-charge.
The Government has issued the Circular followed by amendment in ISD provisions under GST Law, to make ISD mandatory with effect from 1 April 2025. It becomes imperative for the industry to thoroughly examine the nature of expenses incurred for smooth implementation of ISD and cross-charge, at all their registered offices.
The webinar will inter alia cover the following:
- Concept of cross charge under GST regime – Mandatory or Optional ?
- Decisions, Circular and understanding recent amendment in the GST law
- Need of ISD and cross-charge pre and post amendment in the GST law
- Computation of turnover for distribution of credit through ISD
- Applicability of ISD for centralised billing and decentralised billing
- ISD in case of RCM supplies
- Concept of ISD under the erstwhile regime and GST regime
Impact of ISD and cross charge for past period, post amendment
Speakers:
- Kalpesh Shah, Senior Partner, LKS
- Asish Philip, Partner, LKS
- Darshan Machchhar, Associate Director, LKS
- Apeksha Bansal, Associate Partner, LKS