Advisory on opting for payment of tax under the forward charge mechanism by a Goods Transport Agency (GTA)
Advisory on opting for payment of tax under the forward charge
mechanism by a Goods Transport Agency (GTA)
25/02/2023
In compliance of Notification No. 03/2022-Central Tax (Rate), dated 13th July, 2022,
an option is beingprovided on the portal to all the existing taxpayers providing
Goods Transport Agencies Services, desirous of opting to pay tax under the
forward charge mechanism to exercise their option. They can navigate Services >
User Services > Opting Forward Charge Payment by GTA (Annexure V), after login,
to submit their option on the portal.
Option in Annexure V FORM is required to be submitted on the portal by the
Goods Transport Agencies every year before the commencement of the Financial
Year. The Option once filed cannot be withdrawn during the year and the cut-off date
for filing the Annexure V FORM is 15th March of the
preceding financial year.
Annexure V has been made available on the portal for GTA’s to exercise their
option for the Financial Year 2023-24, which would be available
till 15TH March, 2023.
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