GTA option to pay GST on services changes input tax credit and filing requirements, with annexure form required The notification amends the GST rate table to reclassify various transport and health services, prescribes concessional rates for specified ropeway and GTA-related services conditioned on non claim of input tax credit, inserts a new taxable entry for certain clinical establishment room charges with no input tax credit, adds definitions for print media, clinical establishment, health care services and goods transport agency, and introduces Annexure V as the form by which a GTA exercises the option to pay GST under forward charge for a financial year.
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GTA option to pay GST on services changes input tax credit and filing requirements, with annexure form required
The notification amends the GST rate table to reclassify various transport and health services, prescribes concessional rates for specified ropeway and GTA-related services conditioned on non claim of input tax credit, inserts a new taxable entry for certain clinical establishment room charges with no input tax credit, adds definitions for print media, clinical establishment, health care services and goods transport agency, and introduces Annexure V as the form by which a GTA exercises the option to pay GST under forward charge for a financial year.
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