Taxability of GTA services clarified: suppliers opting for forward charge with prescribed invoice declaration are excluded from exemption. The notification amends prior provisions so that suppliers registered under the TNGST Act who have exercised the option to pay tax on GTA services under forward charge and who issue a tax invoice charging State Tax with the prescribed Annexure III declaration are excluded from the prior entry; it inserts entry 5AA making renting of residential dwelling to a registered person a specified taxable service and adds Annexure III; the notification is effective from 18th July, 2022.
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Provisions expressly mentioned in the judgment/order text.
Taxability of GTA services clarified: suppliers opting for forward charge with prescribed invoice declaration are excluded from exemption.
The notification amends prior provisions so that suppliers registered under the TNGST Act who have exercised the option to pay tax on GTA services under forward charge and who issue a tax invoice charging State Tax with the prescribed Annexure III declaration are excluded from the prior entry; it inserts entry 5AA making renting of residential dwelling to a registered person a specified taxable service and adds Annexure III; the notification is effective from 18th July, 2022.
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