Goods Transport Agency (GTA) is required to submit a declaration to its jurisditional GST department when he wants to pay GST under forward charge mechanism. This is prescribed by amending Notification no.1 & 13/2017-CTR dated 28.06.2017 vide Notification No. 08/2023- Central Tax (Rate) dated 26.07.2023.
The said declaration is required to be submitted only once between 1st January to 31st March and it is applicable for current year and for future years till the time he wish to revert to reverse charge machanism.
The said declaration is through Annexure V Form and it was manually submitted. Now the same is made available online.
Annexure V Form is added in Dashboard > Services > User Services > GTA > Opting Forward Charge payment by GTA (Annexure V). The said declaration is required to be furnished by GTA service supplier if he want to opt to pay tax under forward charge mechanism. And the GTA want the tax to be paid under reverse charge mechanism then the declaration is not required to be furnished.
The timeline to furnish the declaration is 28.01.2024.
Share this content: