ISD & Cross Charge – Mutually exclusive or simultaneously mutual?
Since the time GST has been in force, w.e.f. 01.07.2017, there has been quite an amount of deliberation, debate and ambiguity on the aspects of “Input Service Distribution (ISD)” [which deals with distribution of input tax credits on input services] and “Cross charging” [which deals with provision of support services by one distinct person/related party to another distinct person/related party in terms of Schedule I of the CGST Act].
Date & Time
01
Mar 2022 | 3:00 PM - 4:30 PM
There has always been a doubt as to whether both are required to be done hand-in-hand or either one of them can be done since both in effect result in transfer/allocation of input tax credits across different locations of an assessee. To add to this, a few AAARs have also been decided on the aspect of ISD and Cross-charging such as Columbia Asia, Cummins India etc.
This has left a void for interpretation and understanding.
Our team from L&S wish to share insights in order to fill-up the above void left in the GST laws.
Topics Include:
- Concept of ISD & Cross-charge
- Whether both are required to be done or either can be done
- Analysis of AAARs in the case of Columbia Asia, Cummins India etc.
- Practical issues in ISD & Cross-charge
Who should attend:
Companies with multiple GST registrations.
Speakers:
- Sandeep Sachdeva, Executive Partner
- Jigar Shah, Partner
- Nupoor Agrawal, Partner
- Chaitanya Bhatt, Joint Partner
