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What are the conditions/restrictions for distribution of credit?
Team SoOLEGAL | 01/01/1970

The distribution of credit would be done subject to the following conditions:

a. Credit should be distributed through tax invoice or other document as prescribed;

b. Amount of credit distributed should not exceed the amount of credit available;

c. Creditshouldbedistributedonlytosuchsuppliers to whom such services are attributable;

d. Credit in respect of services attributable to more than one supplier should be distributed proportionately on the basis of turnover of respective supplier during the preceding financial year.


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