Option for GTA to pay GST under forward charge extended, with transitional declaration window for newly registered GTAs. Amendment extends the mechanism for a Goods Transport Agency to elect the forward-charge option, fixing a final cut-off for exercising the option for the year and adding a transitional route allowing GTAs that start new business or cross the registration threshold to opt to pay tax by submitting Annexure V within forty-five days of applying for registration or one month from obtaining registration, whichever is later.
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Provisions expressly mentioned in the judgment/order text.
Option for GTA to pay GST under forward charge extended, with transitional declaration window for newly registered GTAs.
Amendment extends the mechanism for a Goods Transport Agency to elect the forward-charge option, fixing a final cut-off for exercising the option for the year and adding a transitional route allowing GTAs that start new business or cross the registration threshold to opt to pay tax by submitting Annexure V within forty-five days of applying for registration or one month from obtaining registration, whichever is later.
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