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Section 24(viii) — Input Service Distributor (ISD) registration:
AOptional
BRequired for goods only
CRequired only for service suppliers
DMandatory irrespective of threshold
Answer & Solution
Correct answer: D. Mandatory irrespective of threshold
1. Sec 24(viii) — Input Service Distributor must register, irrespective of threshold.
2. ISD = office of a supplier that receives invoices for input services and DISTRIBUTES credit to other units (with same PAN).
3. FA 2024 mandated ISD mechanism (replacing cross-charge for certain common services) — effective 01.04.2025.
_Source: ICAI BoS CA Final Paper 8, Ch 7 "Registration", §Sec 24(viii)_
Related questions
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