Concept of ISD & Cross Charge

The Application for Advance Ruling filed by Karnataka based Columbia Asia Hospitals Pvt Ltd highlighted the concept of Supplies between related and distinct entities among the taxpayers. A lot of controversy ran around about the concept and its consequences and by Appellant Authority affirming the ruling subsequently, it is time to discuss how the concept can be put into place and avoid any potential liability that can arise on its non-compliance.
A lot of brainstorming went into whether the taxpayers need to choose whether to follow ISD mechanism or cross-charge mechanism. This piece of article is intended to confront the myths and discuss the theories to enable the taxpayers to make a wise choice.

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