Bihar GST Act Amendment: New Provisions for Goods Transport Agencies' Tax Options Effective May 2023.

The Governor of Bihar, under the Bihar Goods and Services Tax Act, 2017, has amended Notification No. 11/2017-State Tax (Rate) from June 29, 2017. The amendment, effective May 9, 2023, introduces new provisions for Goods Transport Agencies (GTA). GTAs must exercise their option for the Financial Year 2023-2024 by May 31, 2023. Additionally, GTAs starting new businesses or surpassing the registration threshold can opt to pay GST on services by declaring in Annexure V within 45 days of applying for GST registration or one month after obtaining registration, whichever is later.

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