https://www.taxtmi.com/article/detailed?id=10550 Amendments reframe GTA supply treatment: GTAs may choose reverse charge (recipient pays tax) or forward charge (GTA elects a forward rate with differing input tax credit consequences). The forward charge election must be declared before the start of the financial year on the prescribed form and remains binding for one year; issuing a tax invoice under a forward rate after the amendment date constitutes exercise of that option. Small value consignment exemptions were removed, making all GTA supplies taxable under the chosen mechanism, while certain exemptions for services to unregistered persons remain. en-us Thu, 21 Jul 2022 10:13:36 +0530 Thu, 21 Jul 2022 10:13:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=10550 Amendments reframe GTA supply treatment: GTAs may choose reverse charge (recipient pays tax) or forward charge (GTA elects a forward rate with differing input tax credit consequences). The forward charge election must be declared before the start of the financial year on the prescribed form and remains binding for one year; issuing a tax invoice under a forward rate after the amendment date constitutes exercise of that option. Small value consignment exemptions were removed, making all GTA supplies taxable under the chosen mechanism, while certain exemptions for services to unregistered persons remain. Articles Goods and Services Tax - GST Thu, 21 Jul 2022 10:13:36 +0530 https://www.taxtmi.com/article/detailed?id=10550