Deconstructing the ebbs and flows of the law governing ISD & Cross Charge

Since the time GST has been in force, w.e.f. 1 July 2017, there has been quite an amount of deliberation, debate and ambiguity on the aspects of “Input Service Distribution (ISD)” and “Cross-charge”. There has always been a doubt as to whether both are required to be followed parallelly, or either one of them can be followed, or none is required to be followed. To add to this, a few AAARs have also been decided on the aspect of ISD and Cross-charge.

The Government has issued the Circular followed by amendment in ISD provisions under GST Law, to make ISD mandatory with effect from 1 April 2025. It becomes imperative for the industry to thoroughly examine the nature of expenses incurred for smooth implementation of ISD and cross-charge, at all their registered offices. 

The webinar will inter alia cover the following:

• Concept of cross charge under GST regime – Mandatory or Optional ?
• Decisions, Circular and understanding recent amendment in the GST law 
• Need of ISD and cross-charge pre and post amendment in the GST law 
• Computation of turnover for distribution of credit through ISD
• Applicability of ISD for centralised billing and decentralised billing
• ISD in case of RCM supplies
• Concept of ISD under the erstwhile regime and GST regime

Impact of ISD and cross charge for past period, post amendment

Speakers:  

• Kalpesh Shah, Senior Partner, LKS
• Asish Philip, Partner, LKS
• Darshan Machchhar, Associate Director, LKS
• Apeksha Bansal, Associate Partner, LKS