Reetu | Jan 2, 2024 |
GSTN issued Advisory on functionalities available on GST portal for GTA Taxpayers
The Goods and Services Tax Network (GSTN) has issued an Advisory on the functionalities available on the GST portal for the GTA Taxpayers.
The following Functionalities are made available on the portal for GTA Taxpayers:
According to Notification No. 06/2023-Central Tax (Rate), dated 26.07.2023, the option for GTA to pay GST on the Forward Charge mechanism or Reverse Charge mechanism on services supplied by them during a Financial Year shall be exercised by making a declaration in Annexure V or Annexure VI from the 1st January of the current Financial Year until the 31st March of the current Financial Year, for the next Financial Year.
To comply with the aforesaid notification, online filing in Annexure V Form and Annexure VI Form is available on the portal for existing GTA taxpayers for filing a declaration in Annexure V Form or Annexure VI Form for the succeeding FY 2024-25 from January 1, 2024 to March 31, 2024.
To Access Annexure V Form: Post login on the FO portal-Navigate to Services>>User Services>>GTA>>Opting Forward Charge Payment by GTA (Annexure V).
To Access Annexure VI Form: Post login on the FO portal-Navigate to Services>>User Services>>GTA>>Opting to Revert under Reverse Charge Payment by GTA (Annexure VI).
According to Notification No. 5/2023-Central Tax (Rate), dated 09.05.2023, newly registered taxpayers can now file their declaration within the specified due date for the current Fiscal Year, i.e. 2023-2024 and onwards. The system is now configuring the due date (before the expiry of forty-five days from the date of application for GST registration or one month from the date of acquiring registration, whichever is later), which will be displayed to newly registered taxpayers on their dashboard. The newly enrolled GTA taxpayers can now file their online declaration for the current financial year on the portal by the deadline.
To Access: Post login on the FO portal-Click YES on the pop-up message on post-login (or) Navigate to Services>>User Services>>GTA>>Opting Forward Charge Payment by GTA (Annexure V).
Existing/newly registered GTA taxpayers who have already submitted the Declaration in Annexure V Form manually with the jurisdictional authority for the FY 2023-24 are requested to upload their duly acknowledged legible copy of the Annexure V Form on the portal, mentioning correct particulars as mentioned in the physical Annexure V submitted, with the correct date of acknowledgement from jurisdictional office, where such physical Annexure V was filed for record purposes. It is also stated that if Annexure V was filed manually by the given due date for FY 2023-24, he does not need to upload it again on the site for FY 2024-25 or any subsequent FY.
To Access: Post login on the FO portal-Navigate to Services>>User Services>>GTA>> Upload Manually Filed Annexure V.
According to the above notification, unless the GTA files a declaration in Annexure VI to revert under the reverse charge mechanism, the option exercised by GTA to pay GST on services supplied by it during a Financial Year is deemed to have been exercised for the following and future financial years.
However, GTAs who filed declarations for the fiscal year 2024-25 on the portal between July 27, 2023 and August 22, 2023 were considered filed and valid. Those taxpayers are reminded that they do not need to file a declaration in Annexure V Form for the next financial year if they desire to continue using the Forward charge mechanism to pay GST.
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