GTA option and input tax credit restriction: annual declaration required for GTAs to pay GST under forward charge. Amends the State GST Schedule to reclassify and set revised State tax rates for various transport and health-related services, inserts precise restrictions on input tax credit for specified entries, and mandates an annual option for Goods Transport Agencies to elect forward-charge tax payment by filing Annexure V with the jurisdictional GST authority; includes new definitions for clinical establishment, health care services, goods transport agency and print media to clarify scope and exclusions, and sets an operative commencement date for the amendments.
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.
GTA option and input tax credit restriction: annual declaration required for GTAs to pay GST under forward charge.
Amends the State GST Schedule to reclassify and set revised State tax rates for various transport and health-related services, inserts precise restrictions on input tax credit for specified entries, and mandates an annual option for Goods Transport Agencies to elect forward-charge tax payment by filing Annexure V with the jurisdictional GST authority; includes new definitions for clinical establishment, health care services, goods transport agency and print media to clarify scope and exclusions, and sets an operative commencement date for the amendments.
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