Option to revert to reverse charge mechanism by Goods Transport Agencies now requires annual preceding-year declaration within prescribed window. Amendment revises the elective framework for Goods Transport Agencies to pay GST under forward charge or revert to the reverse charge mechanism by substituting earlier deadline language with a prescribed declaration window in the preceding financial year, adds a deemed-continuation provision treating a GTA's election to pay GST as continuing for subsequent years unless a declaration in Annexure VI to revert is filed within the specified window, revises Annexure V wording accordingly, omits a listed explanatory sub-clause, and inserts Annexure VI as the prescribed form and declaration to be submitted to the jurisdictional GST authority.
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Provisions expressly mentioned in the judgment/order text.
Option to revert to reverse charge mechanism by Goods Transport Agencies now requires annual preceding-year declaration within prescribed window.
Amendment revises the elective framework for Goods Transport Agencies to pay GST under forward charge or revert to the reverse charge mechanism by substituting earlier deadline language with a prescribed declaration window in the preceding financial year, adds a deemed-continuation provision treating a GTA's election to pay GST as continuing for subsequent years unless a declaration in Annexure VI to revert is filed within the specified window, revises Annexure V wording accordingly, omits a listed explanatory sub-clause, and inserts Annexure VI as the prescribed form and declaration to be submitted to the jurisdictional GST authority.
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