Option to pay tax on GTA services permitted where supplier is registered and issues tax invoice with prescribed declaration. The notification provides that the GTA-related exclusion will not apply where the supplier is registered under the MGST Act, has exercised the option to pay tax on GTA services under forward charge, and has issued a tax invoice charging State Tax accompanied by the prescribed Annexure III declaration; it also inserts entry 5AA to cover renting of residential dwelling to a registered person and adds Annexure III prescribing the required declaration. The changes amend related table entries and textual exclusions and come into force from the effective date.
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Provisions expressly mentioned in the judgment/order text.
Option to pay tax on GTA services permitted where supplier is registered and issues tax invoice with prescribed declaration.
The notification provides that the GTA-related exclusion will not apply where the supplier is registered under the MGST Act, has exercised the option to pay tax on GTA services under forward charge, and has issued a tax invoice charging State Tax accompanied by the prescribed Annexure III declaration; it also inserts entry 5AA to cover renting of residential dwelling to a registered person and adds Annexure III prescribing the required declaration. The changes amend related table entries and textual exclusions and come into force from the effective date.
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