CBIC circular on input service distributor mechanism under GST to help companies with multi-city branches

The GST law will also be amended to make input service distributor (ISD) mechanism mandatory prospectively for distribution of input tax credit of such common input services procured from third parties. In a recent circular, the Central Board of Indirect Taxes and Customs said that for common input services procured by the head office (HO) from a third party, but attributable to both HO and branch…