Option to pay GST by GTA requires timely declaration in prescribed annexure when commencing business or crossing registration threshold. The amendment inserts provisos requiring exercise of the option to pay GST for the Financial Year 2023-2024 by a specified cut-off, and allowing a GTA that commences business or crosses the registration threshold during any financial year to opt to pay GST for that year by filing a declaration in Annexure V within forty-five days of applying for registration or one month from 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 by GTA requires timely declaration in prescribed annexure when commencing business or crossing registration threshold.
The amendment inserts provisos requiring exercise of the option to pay GST for the Financial Year 2023-2024 by a specified cut-off, and allowing a GTA that commences business or crosses the registration threshold during any financial year to opt to pay GST for that year by filing a declaration in Annexure V within forty-five days of applying for registration or one month from obtaining registration, whichever is later.
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