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MICHIGAN DEPARTMENT OF LABOR AND ECONOMIC GROWTH AND MICHIGAN DEPARTMENT OF EDUCATION A D U LT E D U C AT I O N PA RT I C I PA N T AU D I T I N G M A N UA L SECTION 107, STATE SCHOOL AID ACT EFFECTIVE:
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Section 1 - ISD refers to the first section of the Input Service Distributor (ISD) return form.
Input Service Distributors (ISDs) are required to file Section 1 - ISD as part of their return filing obligations.
To fill out Section 1 - ISD, ISDs must provide details of the input tax credit distribution for each recipient.
The purpose of Section 1 - ISD is to report the distribution of input tax credit by the ISD to the recipients.
Section 1 - ISD must include details of the input tax credit distributed to each recipient along with their GSTIN.
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