Option to revert to reverse charge for Goods Transport Agencies now requires filing within prescribed pre financial year window. Amendments revise the timing and procedural requirements for a Goods Transport Agency to elect or revert between forward charge and reverse charge for GST: the option or a declaration to revert must be filed within a prescribed pre financial year window; a forward charge election is deemed to continue for subsequent years unless a declaration to revert is filed in that window; Annexure V wording is updated and a new Annexure VI form is inserted to record the GTA reversion declaration.
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 revert to reverse charge for Goods Transport Agencies now requires filing within prescribed pre financial year window.
Amendments revise the timing and procedural requirements for a Goods Transport Agency to elect or revert between forward charge and reverse charge for GST: the option or a declaration to revert must be filed within a prescribed pre financial year window; a forward charge election is deemed to continue for subsequent years unless a declaration to revert is filed in that window; Annexure V wording is updated and a new Annexure VI form is inserted to record the GTA reversion declaration.
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