Rajasthan Goods and Services Tax (Second Amendment) Rules, 2024
Written by
Daily Law Times
The Finance Department of Rajasthan has issued a notification amending the Rajasthan Goods and Services Tax (GST) Rules, 2017. The Rajasthan Goods and Services Tax (Second Amendment) Rules, 2024, introduce key updates for Input Service Distributors (ISDs) regarding the distribution of input tax credit, aimed at improving compliance and streamlining processes.
An ISD is a registered person who receives tax invoices for input services used by various units of the same legal entity. The ISD can then distribute the input tax credit (ITC) to these units, enabling seamless tax credit management across different locations.
The amendment also clarifies the distribution of various taxes (central tax, state tax, integrated tax):