Option for Goods Transport Agencies to revert to reverse charge must be filed in the prescribed January-March window pre financial year. Amendments require GTAs to exercise the option to revert to the reverse charge mechanism only on or after 1st January and not later than 31st March of the preceding financial year; a new Annexure VI form must be filed declaring the intent to revert, and a GTA's forward-charge option remains effective for subsequent years unless Annexure VI is filed within the prescribed window. The changes also adjust explanatory entries and remove a sub-clause in the Table; the notification is effective from 27 July 2023.
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 for Goods Transport Agencies to revert to reverse charge must be filed in the prescribed January-March window pre financial year.
Amendments require GTAs to exercise the option to revert to the reverse charge mechanism only on or after 1st January and not later than 31st March of the preceding financial year; a new Annexure VI form must be filed declaring the intent to revert, and a GTA's forward-charge option remains effective for subsequent years unless Annexure VI is filed within the prescribed window. The changes also adjust explanatory entries and remove a sub-clause in the Table; the notification is effective from 27 July 2023.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
