GTA option to self pay GST permitted with prescribed exercise deadlines and declaration requirements for new or threshold crossing registrants. The amendment inserts provisos prescribing a deadline to exercise the option to pay GST for the relevant financial year and permits a Goods Transport Agency that begins business or crosses the registration threshold during a financial year to opt to self pay GST by filing a declaration in Annexure V within forty five days of applying for registration or one month from obtaining registration, whichever is later; the amendment is effective from a stated date in May 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.
GTA option to self pay GST permitted with prescribed exercise deadlines and declaration requirements for new or threshold crossing registrants.
The amendment inserts provisos prescribing a deadline to exercise the option to pay GST for the relevant financial year and permits a Goods Transport Agency that begins business or crosses the registration threshold during a financial year to opt to self pay GST by filing a declaration in Annexure V within forty five days of applying for registration or one month from obtaining registration, whichever is later; the amendment is effective from a stated date in May 2023.
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