Section 2(61) of CGST Act: Meaning of “Input Service Distributor (ISD)”
As per Section 2(61) of the Central Goods and Services Tax (CGST) Act, 2017, unless the context otherwise requires, the term “Input Service Distributor (ISD)” has been defined, as under:
Section 2(61) of CGST Act: Definition of “Input Service Distributor” (CHAPTER I – PRELIMINARY)
“Input Service Distributor” means an office of the supplier of goods or services or both which receives tax invoices issued under section 31 towards the receipt of input services and issues a prescribed document for the purposes of distributing the credit of central tax, State tax, integrated tax or Union territory tax paid on the said services to a supplier of taxable goods or services or both having the same Permanent Account Number as that of the said office.
The Central Goods and Services Tax (CGST) Act, 2017 was notified by Govt. on 12 April, 2017 and CBIC has notified the commencement date for various Sections/ Provisions thereof from time to time. Subsequently, Govt. has notified the Central Goods and Services Tax (CGST) (Amendment) Act, 2018 on 30 Aug. 2018. However, commencement date of amended provisions of various Sections is to be separately notified by CBIC, except where specifically mentioned in the CGST Amendment Act, 2018 itself.