Goods Transport Agency option to pay GST: option procedure and input tax credit restrictions updated. Amendments recast service schedule entries, specifying revised State tax rates and input tax credit restrictions for various transport and health services, insert ropeway passenger and goods transport entries taxed at a reduced rate with no input tax credit on goods used, create a category for clinical establishment room charges above a threshold subject to reduced rate and no input tax credit, and add an option mechanism (Annexure V) for Goods Transport Agencies to elect forward charge taxation for a financial year with a prescribed declaration and restrictions on input credit.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Goods Transport Agency option to pay GST: option procedure and input tax credit restrictions updated.
Amendments recast service schedule entries, specifying revised State tax rates and input tax credit restrictions for various transport and health services, insert ropeway passenger and goods transport entries taxed at a reduced rate with no input tax credit on goods used, create a category for clinical establishment room charges above a threshold subject to reduced rate and no input tax credit, and add an option mechanism (Annexure V) for Goods Transport Agencies to elect forward charge taxation for a financial year with a prescribed declaration and restrictions on input credit.
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