What do you understand by ISD? Whether the excess credit distributed could be recovered from ISD by the department?

An Input Service Distributor (ISD) is a taxpayer that receives invoices for services used by its branches. It distributes the tax paid known as the Input Tax Credit (ITC), to such branches on a proportional basis by issuing ISD invoices. No. Excess credit distributed can be recovered along with interest only from the recipient and…...