CA Kunal Jain
Quick Summary
The government has introduced new rules for Goods and Services Tax (GST) filings for Goods Transport Agency (GTA) taxpayers. Here's a simplified overview:
1. For Existing GTA Taxpayers
- A new notification, No. 06/2023-Central Tax (Rate), dated 26.07.2023, allows GTAs to choose whether to pay GST on Forward Charge or Reverse Charge mechanism for services supplied during a Financial Year.
- The option must be declared in Annexure V or Annexure VI from January 1 to March 31 of the current Financial Year for the next Financial Year.
- Online filing for Annexure V Form or Annexure VI Form for FY 2024-25 is available from January 1, 2024, to March 31, 2024.
- Access Annexure V Form: Login to the portal, go to Services>>User Services>>GTA>>Opting Forward Charge Payment by GTA (Annexure V).
- Access Annexure VI Form: Login to the portal, go to Services>>User Services>>GTA>>Opting to Revert under Reverse Charge Payment by GTA (Annexure VI).
2. For Newly Registered GTA Taxpayers
- According to Notification No. 5/2023-Central Tax (Rate), dated 09.05.2023, newly registered taxpayers can choose to pay GST on Forward Charge for services supplied. They can file the declaration within the specified due date for the current Financial Year and onwards.
- The system configures the due date, and it will be displayed on the dashboard.
- Access: After login, click YES on the pop-up message or go to Services>>User Services>>GTA>>Opting Forward Charge Payment by GTA (Annexure V).
3. Upload Manually Filed Annexure V Form for FY 2023-24
- Existing/newly registered GTA taxpayers who manually submitted Annexure V Form for FY 2023-24 to jurisdictional authority can upload a copy on the portal.
- This is for record purposes, and if filed within the specified due date, there's no need to file again for FY 2024-25 or subsequent FY.
- Access: After login, go to Services>>User Services>>GTA>>Upload Manually Filed Annexure V.
4. Important Note
- The option chosen by GTA to pay GST on services during a Financial Year is deemed valid for the next and future financial years unless a declaration in Annexure VI is filed to revert under the reverse charge mechanism.
- Declarations filed for FY 2024-25 on the portal from 27.07.2023 to 22-08-2023 are considered valid, and there's no need to file Annexure V for subsequent FYs if continuing with the Forward Charge option.
FAQ :
GTAs can now choose to pay GST on services under either the Forward Charge or Reverse Charge mechanism. This option is available for services supplied during a financial year.
Existing GTAs must declare their choice of Forward Charge or Reverse Charge in Annexure V or Annexure VI, respectively. This declaration needs to be made between January 1st and March 31st of the current financial year for the next financial year.
Yes, newly registered GTA taxpayers can choose to pay GST on services under the Forward Charge mechanism. They can file the declaration within the specified due date for the current financial year and onwards.
You can access Annexure V (Opting Forward Charge) and Annexure VI (Opting to Revert under Reverse Charge) by logging into the portal and navigating to Services >> User Services >> GTA.
If you manually submitted Annexure V for FY 2023-24 to your jurisdictional authority, you can upload a copy on the portal for record purposes. If filed within the due date, you do not need to file again for FY 2024-25 or subsequent years if you continue with the Forward Charge option.
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