Option to revert to reverse charge mechanism requires filing Annexure VI within the prescribed pre financial year window; effective retrospectively. The notification amends the timing and documentation for a Goods Transport Agency's option to pay GST under forward charge and to revert to the reverse charge mechanism: the option or declaration to revert must be filed within a prescribed pre financial year window; an option to pay is deemed to continue for subsequent years unless the GTA files the prescribed declaration in the new window. Annexure V is revised for timing language and Annexure VI is inserted as the prescribed form to declare reversion, with the amendments effective from the stated commencement date.
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 mechanism requires filing Annexure VI within the prescribed pre financial year window; effective retrospectively.
The notification amends the timing and documentation for a Goods Transport Agency's option to pay GST under forward charge and to revert to the reverse charge mechanism: the option or declaration to revert must be filed within a prescribed pre financial year window; an option to pay is deemed to continue for subsequent years unless the GTA files the prescribed declaration in the new window. Annexure V is revised for timing language and Annexure VI is inserted as the prescribed form to declare reversion, with the amendments effective from the stated commencement date.
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