Welcome to your Ch 30: Examine the following statements- (11 to15)
11. Examine the following statements-
(i) ISD receives invoice as on 15-4. It shall distribute it’s credit by 31-5 by issuing ISD invoice.
(ii) ISD shall file return GSTR 6 by 13th of next month in which credit is distributed.
12. Examine the following statements-
(i) ISD invoice shall contain detail of service and it’s SAC code.
(ii) ISD invoice shall also distribute blocked credit.
13. Examine the following statement-
(i) ISD can distribute credit of the recipient on the basis of invoice or debit note issued by it’s supplier.
(ii) ISD can reduce credit of the recipient on the basis of credit note issued by supplier.
14.
(i) Supplier has issued invoice to ISD on 16-6-2020. For that invoice, it issued credit note on 15-9-2021. ISD shall reduce ITC of the recipient on the basis of turnover of FY 19-20.
(ii) Supplier has issued invoice to ISD on 16-6-2020. For that invoice it issued debit note on 15-9-2021. ISD shall increase ITC of the recipient on the basis of turnover of FY 20-21.
15. Examine the following statements-
(i) ISD can issue ISD invoice for distribution of credit.
(ii) ISD can issue debit note for increase of credit.
