#TaxmannWebinar #ISD #TaxmannUpdates #CrossCharge #InputTaxCredit #GST
📋 Coverage of the Webinar:
✔️ Cross Charge
• Cross Charge – The Concept
• Cross Charge – Issues
✔️ Input Service Distributor (ISD) – Mechanism
• Relevance of ISD Mechanism
• ISD – Legal Framework
• Definition of Input Service Distributor [Section 2(61)]
• ISD – Salient Features
• Availment of ITC by ISD
• Manner of Distribution of Credit by ISD – Section 20(1)
• Conditions/Restrictions for Distribution of ITC – Section 20(2)
• ISD – Documentation
• ITC Distribution by ISD – Other Relevant Points
• ISD – Some Issues
✔️ Position Post Amendment by Finance Act, 2024
• Amendment by Finance Act, 2024
• Applicability of Cross Charge and ISD Post Amendment
• External Services and Internally Generated Services
✔️ Q&A Session
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📢 Speaker:
• CA Naresh K. Sheth – Partner [Indirect Tax Division] | M/s. Jayantilal D Thakkar and Associates LLP
He is a commerce graduate and fellow member of the ICAI (class of 1982), is a distinguished expert in indirect taxation. He frequently delivers presentations at seminars, conferences, workshops, and refresher courses organized by various professional and business associations. As a visiting faculty member at the National Academy of Customs, Indirect Tax, and Narcotics (NACIN), he holds the titleertified Accredited GST Trainer.
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___________________________________________________________________________________________
00:00 Introduction
03:27 Cross Charge – The Concept
09:30 Cross Charge – Issues
14:50 Relevance of ISD Mechanism
20:12 ISD – Legal Framework
25:48 Definition of Input Service Distributor [Section 2(61)]
27:25 ISD – Salient Features
29:59 Availment of ITC by ISD
32:50 Manner of Distribution of Credit by ISD – Section 20(1)
35:53 Conditions/Restrictions for Distribution of ITC – Section 20(2)
39:53 ISD – Documentation
40:55 ITC Distribution by ISD – Other Relevant Points
45:17 ISD – Some Issues
1:00:15 Amendment by Finance ACT, 2024
1:02:26 Applicability of Cross Charge and ISD Post Amendment
1:05:19 External services and Internally generated services
1:09:40 Q&A Session
