GTA option to pay GST: new deadline and declaration requirement for newly registered or threshold-crossing businesses. The amendment allows a Goods Transport Agency (GTA) to opt to pay GST by prescribing deadlines and a declaration procedure: the option for Financial Year 2023-2024 must be exercised by 31st May, 2023; and a GTA commencing new business or crossing the registration threshold may exercise the option for that financial year by declaring in Annexure V within forty-five days of applying for registration or one month from obtaining registration, whichever is later. The amendment is deemed effective from 9th May, 2023.
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Provisions expressly mentioned in the judgment/order text.
GTA option to pay GST: new deadline and declaration requirement for newly registered or threshold-crossing businesses.
The amendment allows a Goods Transport Agency (GTA) to opt to pay GST by prescribing deadlines and a declaration procedure: the option for Financial Year 2023-2024 must be exercised by 31st May, 2023; and a GTA commencing new business or crossing the registration threshold may exercise the option for that financial year by declaring in Annexure V within forty-five days of applying for registration or one month from obtaining registration, whichever is later. The amendment is deemed effective from 9th May, 2023.
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