Option to pay GST by Goods Transport Agencies: new deadlines and Annexure V declaration enable election upon registration. The notification amends the elective mechanism for Goods Transport Agencies by requiring the option for Financial Year 2023-2024 to be exercised by 31st May, 2023, and permitting a GTA that begins business or crosses the registration threshold during a financial year to opt to pay GST for that year by submitting a declaration in Annexure V within the later of 45 days from applying for GST registration or one month from obtaining registration.
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Option to pay GST by Goods Transport Agencies: new deadlines and Annexure V declaration enable election upon registration.
The notification amends the elective mechanism for Goods Transport Agencies by requiring the option for Financial Year 2023-2024 to be exercised by 31st May, 2023, and permitting a GTA that begins business or crosses the registration threshold during a financial year to opt to pay GST for that year by submitting a declaration in Annexure V within the later of 45 days from applying for GST registration or one month from obtaining registration.
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