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GTAs will not be required to file declaration for paying GST under forward charge every year

Goods transport agencies

50th GST council meeting was conducted on 11th July 2023, where many changes have been proposed under GST.

One of the proposals was to remove requirement of filing declaration every year to opt in to pay GST under forward charge

The council decided As a trade friendly measure, it has been decided that GTAs will not be required to file declaration for paying GST under forward charge every year. If they have exercised this option for a particular financial year, they shall be deemed to have exercised it for the next and future financial years unless they file a declaration that they want to revert to reverse charge mechanism (RCM).

It has also been decided that the last date of exercising the option by GTAs to pay GST under forward charge shall be 31st March of preceding Financial Year instead of 15th March. 1st January of preceding Financial Year shall be the start date for exercise of option.

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