Tax treatment for GTA services: option to pay under forward charge requires invoice declaration and specified registration. The notification amends the State GST table: it removes a limiting phrase in serial 1 and adds a proviso excluding the entry where the supplier is registered, has exercised the option to pay tax on GTA services under forward charge, has issued a tax invoice charging Central Tax at applicable rates, and has made the declaration prescribed in Annexure III. It also inserts entry 5AA for renting of residential dwelling to a registered person and inserts Annexure III prescribing the declaration text.
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Tax treatment for GTA services: option to pay under forward charge requires invoice declaration and specified registration.
The notification amends the State GST table: it removes a limiting phrase in serial 1 and adds a proviso excluding the entry where the supplier is registered, has exercised the option to pay tax on GTA services under forward charge, has issued a tax invoice charging Central Tax at applicable rates, and has made the declaration prescribed in Annexure III. It also inserts entry 5AA for renting of residential dwelling to a registered person and inserts Annexure III prescribing the declaration text.
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