Goods transport agency option to pay GST under forward charge introduced, with declaration form and restrictions on credit recovery. Amendments revise Table entries to reclassify transport, clinical and related services with specified tax rates and associated denials of input tax credit; introduce an annual, binding option in Annexure V for Goods Transport Agencies to elect forward charge payment subject to a declaration and prohibition on claiming input tax credit; add a taxable entry for high value clinical establishment room charges and for biomedical waste treatment services; expand definitions to clarify terms such as clinical establishment, health care services and goods transport agency; and set the notification to operate from the stated commencement date.
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Provisions expressly mentioned in the judgment/order text.
Goods transport agency option to pay GST under forward charge introduced, with declaration form and restrictions on credit recovery.
Amendments revise Table entries to reclassify transport, clinical and related services with specified tax rates and associated denials of input tax credit; introduce an annual, binding option in Annexure V for Goods Transport Agencies to elect forward charge payment subject to a declaration and prohibition on claiming input tax credit; add a taxable entry for high value clinical establishment room charges and for biomedical waste treatment services; expand definitions to clarify terms such as clinical establishment, health care services and goods transport agency; and set the notification to operate from the stated commencement date.
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