GST: ISD, Composition Scheme, TDS and TCS

This unit covers four special GST mechanisms: Input Service Distributor (ISD) for distributing input tax credit on common services across branches with the same PAN; the Composition Scheme offering simplified, low-rate t…

• ISD is defined under Section 2(61) of the CGST Act, 2017.
• ISD distributes credit of CGST, SGST/UTGST or IGST on input services to units with the same PAN.
• ISD registration is compulsory under Section 24, irrespective of turnover.

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