Reverse charge option for Goods Transport Agency: timing window narrowed and deemed continued unless declaration filed. The amendment requires GTAs to exercise any option to revert to reverse charge for a financial year on or after 1st January of the preceding financial year but not later than 31st March of that preceding year, and provides that a GTA's prior election to pay GST will be deemed continued for subsequent years unless the GTA files Annexure VI within that window to revert. Annexure VI is prescribed as the declaration form to be submitted to the jurisdictional GST authority before the financial year, and the option, once exercised, cannot be changed for one year and remains valid until year-end.
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.
Reverse charge option for Goods Transport Agency: timing window narrowed and deemed continued unless declaration filed.
The amendment requires GTAs to exercise any option to revert to reverse charge for a financial year on or after 1st January of the preceding financial year but not later than 31st March of that preceding year, and provides that a GTA's prior election to pay GST will be deemed continued for subsequent years unless the GTA files Annexure VI within that window to revert. Annexure VI is prescribed as the declaration form to be submitted to the jurisdictional GST authority before the financial year, and the option, once exercised, cannot be changed for one year and remains valid until year-end.
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