Option to pay GST: deadline set for fiscal year option and GTA may opt by declaration within specified post-registration period. The amendment prescribes that the option to pay GST for Financial Year 2023-2024 must be exercised by 31st May, 2023, and that a Goods Transport Agency which starts new business or crosses the registration threshold during a Financial Year may opt to pay GST for that Financial Year by filing a declaration in Annexure V within 45 days of applying for registration or within 1 month 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: deadline set for fiscal year option and GTA may opt by declaration within specified post-registration period.
The amendment prescribes that the option to pay GST for Financial Year 2023-2024 must be exercised by 31st May, 2023, and that a Goods Transport Agency which starts new business or crosses the registration threshold during a Financial Year may opt to pay GST for that Financial Year by filing a declaration in Annexure V within 45 days of applying for registration or within 1 month of obtaining registration, whichever is later.
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