What Is Isd In Terms Of Gst?

1.	What Is Isd In Terms Of Gst?
Answer» ISD means input SERVICE distributor, ISD is taken out from Central EXCISE and service tax and is a new concept for STATE legislation, as Earlier it was in Central Excise and service TAXES. ISD concept will be used in place of centralized registration as the same has been scrapped in GST. ISD means input service distributor, ISD is taken out from Central Excise and service tax and is a new concept for state legislation, as Earlier it was in Central Excise and service taxes. ISD concept will be used in place of centralized registration as the same has been scrapped in GST.

Answer»

ISD means input SERVICE distributor, ISD is taken out from Central EXCISE and service tax and is a new concept for STATE legislation, as Earlier it was in Central Excise and service TAXES. ISD concept will be used in place of centralized registration as the same has been scrapped in GST.

ISD means input service distributor, ISD is taken out from Central Excise and service tax and is a new concept for state legislation, as Earlier it was in Central Excise and service taxes. ISD concept will be used in place of centralized registration as the same has been scrapped in GST.

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