Specified Premises

[CABayyaReddy DK]

Sir/Madam, Revised definition of ‘specified premises’ are to come into force with effect from 01st April, 2025. When can I file a declaration to opt-in to operate as a ‘specified premises for the FY 2025-26?

My client is having restaurant and accommodation under specified premises and was understood by me that it would automatically falls under specified premises and no need to file declaration as per FAQ Sl No 7.

But while reading the FAQ No 22, it is asking to submit the declaration. Can I now submit declaration in a mid of financial year? Please advise. As it is manual declaration, what if officer not accepts the declaration?

AI Summary

GST Regulations Demand Precise Timing: Specified Premises Declaration Must Be Filed by March 31, 2025 A discussion forum explores GST regulations regarding 'specified premises' for restaurants and accommodations. The key issue involves a mandatory declaration for the financial year 2025-26, which must be filed between 01.01.2025 and 31.03.2025. Failure to submit the declaration within the prescribed timeline may result in losing the specified premises status, potentially leading to tax rate complications and requiring administrative or appellate remedies to rectify the procedural non-compliance.