GSTN Advisory for opting for payment of GST under forward charge mechanism by GTA:

GSTN Advisory for opting for payment of GST under forward charge mechanism by GTA The Goods and Service Network(GSTN) has issued Advisory for opting for payment of GST under forward charge mechanism by 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 uploaded on the site by Goods Transport Agency every year before the start of the Financial Year. The Option, once filed, cannot be withdrawn throughout the year, and the deadline for filing the Annexure V FORM is March 15th of the previous financial year.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.