New Form Annexure V for GTA (Goods Transport Agency) in GST
PrintListen to this Article
0:00
0:00
New Feature Enabled for Goods Transport Agency (GTA) in GST | New Form Annexure V for GTA (Goods Transport Agency) in GST.
Advisory on opting for payment of tax under the forward charge mechanism by a Goods Transport Agency (GTA).
In compliance of Notification No. 03/2022-Central Tax (Rate), dated 13th July, 2022, an option is being provided 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 The Option once filed cannot be withdrawn during the year and the cut-off date for filing the Annexure V FORM is 15th March of the preceding financial year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.
CLICK ON THE LINK BELOW TO WATCH FULL VIDEO,
https://youtu.be/xELloDzj2ao
Advisory on opting for payment of tax under the forward charge mechanism by a Goods Transport Agency (GTA).
In compliance of Notification No. 03/2022-Central Tax (Rate), dated 13th July, 2022, an option is being provided 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 The Option once filed cannot be withdrawn during the year and the cut-off date for filing the Annexure V FORM is 15th March of the preceding financial year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.
CLICK ON THE LINK BELOW TO WATCH FULL VIDEO,
https://youtu.be/xELloDzj2ao
Category : GST | Comments : 0 | Hits : 631
How to Claim GST Refund in India: Complete Step-by-Step Guide Goods and Services Tax (GST) has simplified indirect taxation in India, but claiming a refund can often be confusing for businesses and...
Also Read -
GST for Freelancers & Consultants
GST for Freelancers & Consultants During recent times we have witnessed a massive rise in the freelance economy with professionals like designers, writers, consultants, etc offering fre...
(This is only for check ) The Goods and Services Tax (GST) framework in India continues to evolve, with the government introducing several important updates aimed at enhancing compliance, improving...
Comments