https://www.taxtmi.com/article/detailed?id=12424 GTAs may elect forward or reverse charge on the GST portal by filing specified annexure forms; the chosen option holds for the financial year and can be changed for the next year only by timely filing the relevant annexure. Forward charge permits the GTA to charge differing tax rates and, if electing the higher rate, to claim input tax credit; reverse charge makes the recipient liable to pay tax and the GTA ineligible for ITC. Failure to file within the prescribed window results in continuation of the existing mechanism. en-us Fri, 15 Mar 2024 11:24:08 +0530 Fri, 15 Mar 2024 11:24:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=12424 GTAs may elect forward or reverse charge on the GST portal by filing specified annexure forms; the chosen option holds for the financial year and can be changed for the next year only by timely filing the relevant annexure. Forward charge permits the GTA to charge differing tax rates and, if electing the higher rate, to claim input tax credit; reverse charge makes the recipient liable to pay tax and the GTA ineligible for ITC. Failure to file within the prescribed window results in continuation of the existing mechanism. Articles Goods and Services Tax - GST Fri, 15 Mar 2024 11:24:08 +0530 https://www.taxtmi.com/article/detailed?id=12424