Option to revert to reverse charge: GTAs must file prescribed declaration within the specified pre financial year window to change charge mechanism. Revises the procedure for a Goods Transport Agency to elect reverse charge: the option for any financial year must be exercised on or after 1st January of the preceding financial year but not later than 31st March of the preceding financial year. An option by a GTA to pay GST itself will be deemed to continue for future years unless the GTA files Annexure VI within that window to revert to reverse charge. Annexure VI is inserted as the prescribed form to be filed before the commencement of the financial year with the jurisdictional GST authority.
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 to revert to reverse charge: GTAs must file prescribed declaration within the specified pre financial year window to change charge mechanism.
Revises the procedure for a Goods Transport Agency to elect reverse charge: the option for any financial year must be exercised on or after 1st January of the preceding financial year but not later than 31st March of the preceding financial year. An option by a GTA to pay GST itself will be deemed to continue for future years unless the GTA files Annexure VI within that window to revert to reverse charge. Annexure VI is inserted as the prescribed form to be filed before the commencement of the financial year with the jurisdictional GST authority.
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