The GST Council’s 52nd meeting was held in Delhi on October 07, 2023, under the chairpersonship of the Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman.
The GST Council’s recommendation makes it mandatory, prospectively, for the distribution of Input Tax Credit (ITC) in cases where the Head Office (HO) procures input services from a third party that are attributable to both the HO and Branch Office (BO) or exclusively to one or more BOs.
This change involves amendments to Section 2(61), Section 20 of the CGST Act, 2017, and Rule 39 of the CGST Rules, 2017.
It aims to streamline and clarify the procedure for distributing ITC in such scenarios, ensuring consistency and compliance with GST regulations.
The Press Release can be accessed at: https://www.pib.gov.in/PressReleasePage.aspx?PRID=1965431
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