Option to pay tax on GTA permits registered suppliers charging central tax where invoice includes prescribed Annexure III declaration. The notification amends the treatment of GTA services by allowing application where the supplier is registered under the UPGST Act, has exercised the option to pay tax on GTA services under forward charge, has issued a tax invoice charging Central Tax at applicable rates, and has furnished the prescribed Annexure III declaration on that invoice. It also inserts entry 5AA to cover renting of residential dwelling to a registered person and adds Annexure III prescribing the declaration; the amendments are effective from July 18, 2022.
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Provisions expressly mentioned in the judgment/order text.
Option to pay tax on GTA permits registered suppliers charging central tax where invoice includes prescribed Annexure III declaration.
The notification amends the treatment of GTA services by allowing application where the supplier is registered under the UPGST Act, has exercised the option to pay tax on GTA services under forward charge, has issued a tax invoice charging Central Tax at applicable rates, and has furnished the prescribed Annexure III declaration on that invoice. It also inserts entry 5AA to cover renting of residential dwelling to a registered person and adds Annexure III prescribing the declaration; the amendments are effective from July 18, 2022.
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