How to differentiate Casual taxable person with Input Service Distributor?
What is Casual taxable person? How does Input Service Distributor work under GST regime? What are the difference between Casual taxable person and Input Service Distributor?
Under GST system, the following information explains about Casual taxable person and Input Service Distributor.
As per GST terms, Casual taxable person means a person who occasionally undertakes transactions involving supply of goods or services or both in the course or furtherance of business, whether as principal, agent or in any other capacity, in a State or a Union territory where he has no fixed place of business. The concept of Input Service Distributor (ISD) is provided in GST too. It is defined as 'an office of supplier of goods and/or services, which has received input services under the cover of tax invoice, and is allowed to distribute the said tax credit to the supplier of goods and/or services registered under the same PAN'.
The details about Casual taxable person and Input Service Distributor with simple language from GST terms have been mentioned in this web blog separately. I suggest you to read these articles on Casual taxable person and Input Service Distributor, so as to enable you to have a clear idea on these GST terms.
For your immediate reference, we give below web links on Casual taxable person and Input Service Distributor separately below. You may kindly read the below links to know more about Input Service Distributor and Casual taxable person.
Meaning of term Casual taxable person under GST
Input Service Distributor under GST
The above information easily explains about Input Service Distributor and Casual taxable person.
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