GST rate amendments for transport and clinical services; GTA forward-charge option instituted with annual declaration requirement. Amendments revise rate schedule entries to reclassify passenger and goods transport services (including ropeways and GTA services), add a clinical-establishment room-charge entry and bio-medical waste treatment services, and clarify that input tax credit for specified supplies must not have been taken. The notification inserts an Annexure V form creating an annual option for GTAs to elect forward charge taxation for GTA services by filing a declaration before the financial year, with the option binding for that year and transitional deadlines for the 2022-2023 year.
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GST rate amendments for transport and clinical services; GTA forward-charge option instituted with annual declaration requirement.
Amendments revise rate schedule entries to reclassify passenger and goods transport services (including ropeways and GTA services), add a clinical-establishment room-charge entry and bio-medical waste treatment services, and clarify that input tax credit for specified supplies must not have been taken. The notification inserts an Annexure V form creating an annual option for GTAs to elect forward charge taxation for GTA services by filing a declaration before the financial year, with the option binding for that year and transitional deadlines for the 2022-2023 year.
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