Option to pay GST for the specified financial year allows GTAs to opt via Annexure V within prescribed post-registration period. The notification amends conditions for a GTA's option to pay GST by requiring exercise of the option for the specified financial year by the prescribed deadline, and permitting a GTA that begins business or crosses the registration threshold during a financial year to opt to pay GST for that year by filing a declaration in Annexure V within forty five days of applying for GST registration or within one month of obtaining registration, whichever is later; the amendment is deemed effective from 9 May 2023.