Meaning of ISD

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Meaning

In terms of section 2(54) of the model GST law:

“Input Service Distributor” means an office of the supplier of goods and / or services which:

  1. Receives tax invoices issued under section 28 towards receipt of input services and
  2. issues a prescribed document for the purposes of
    • Distributing the credit of CGST (SGST in State Acts) and / or IGST paid on the said services to a supplier of taxable goods and / or services
  3. Having same PAN as that of the office referred to above;

For the purpose of distributing the credit, ISD is deemed as supplier of services.

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