Option to pay GST clarified with a deadline and a short transitional window for newly registered GTAs to opt via declaration. The notification inserts provisos allowing a fixed deadline to exercise the option to pay GST for the specified financial year and permitting a GTA who starts business or crosses the registration threshold during a financial year to opt to pay GST for that year by submitting Annexure-V within a short period measured from the date of applying for registration or from the date of obtaining registration, whichever is later.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Option to pay GST clarified with a deadline and a short transitional window for newly registered GTAs to opt via declaration.
The notification inserts provisos allowing a fixed deadline to exercise the option to pay GST for the specified financial year and permitting a GTA who starts business or crosses the registration threshold during a financial year to opt to pay GST for that year by submitting Annexure-V within a short period measured from the date of applying for registration or from the date of obtaining registration, whichever is later.
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