ISD only services' credit distribution mechanism, cannot discharge tax liability, explains CBEC
CBEC explains concept of ‘Input Service Distributor’ (ISD) in GST, which is a legacy carried over from service tax regime; ISD is a facility made available to business having large share of common expenditure and billing / payment is done from centralized location, to proportionately distribute credit of input services amongst all the consuming units; Said mechanism is not meant for distributing the credit on common invoices pertaining to goods (inputs or capital goods), ...