Option for Goods Transport Agencies to pay GST under forward charge extended; new registrants allowed a deferred opt in period. The notification extends the deadline for GTAs to opt to pay GST under the forward charge for Financial Year 2023-2024 to 31st May, 2023 and requires the option to be exercised by making the declaration in Annexure V. GTAs commencing new business or crossing the registration threshold during a Financial Year may opt to pay GST under forward charge by declaring in Annexure V within forty five days of applying for registration or within one month of obtaining registration, whichever is later.
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Option for Goods Transport Agencies to pay GST under forward charge extended; new registrants allowed a deferred opt in period.
The notification extends the deadline for GTAs to opt to pay GST under the forward charge for Financial Year 2023-2024 to 31st May, 2023 and requires the option to be exercised by making the declaration in Annexure V. GTAs commencing new business or crossing the registration threshold during a Financial Year may opt to pay GST under forward charge by declaring in Annexure V within forty five days of applying for registration or within one month of obtaining registration, whichever is later.
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