Reverse charge option for Goods Transport Agencies limited to early preceding financial year; deemed continued unless declaration filed. Amendments revise the regime for Goods Transport Agencies' option between forward charge and reverse charge by replacing a single fixed deadline with a filing window in the period immediately preceding a financial year, inserting a deemed-continuation proviso that treats an elected forward-charge option as persisting for subsequent years unless a prescribed declaration is filed in the specified preceding-year window, and introducing Annexure VI as the form for GTAs to declare reversion to reverse charge before the start of the relevant financial year.
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Provisions expressly mentioned in the judgment/order text.
Reverse charge option for Goods Transport Agencies limited to early preceding financial year; deemed continued unless declaration filed.
Amendments revise the regime for Goods Transport Agencies' option between forward charge and reverse charge by replacing a single fixed deadline with a filing window in the period immediately preceding a financial year, inserting a deemed-continuation proviso that treats an elected forward-charge option as persisting for subsequent years unless a prescribed declaration is filed in the specified preceding-year window, and introducing Annexure VI as the form for GTAs to declare reversion to reverse charge before the start of the relevant financial year.
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