Budget 2024: Mandatory ISD Registration Proposed For Inter-Branch Services Under GST.

According to the Finance Bill 2024, an amendment has been proposed for mandatory Input Service Distributor registration of an office, which receives invoices for common input services. Under the GST regime, several disputes have risen in the past over which methodology should be used, so that tax credit pertaining to common input services can be availed. While some businesses were adopting the ISD…