Aryan Ltd has its head office (HO) at Mumbai and branches located at different places in different states across India. The HO collects the ITC on all purchases made and distributes the ITC amongst the branches as CGST,

CS Executive · Tax Laws · PYQS · December 2021
Aryan Ltd has its head office (HO) at Mumbai and branches located at different places in different states across India. The HO collects the ITC on all purchases made and distributes the ITC amongst the branches as CGST, SGST, UTGST, IGST. Find out the type of entity, which is being exhibited by Aryan Ltd as per provisions of CGST Act, 2017.
(A) Taxable Entity
(B) Input Service Distributor
(C) Principal and Agent
(D) HO and Branches

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B).

Topics: GST

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