GST UPDATE
Desk of CA. Praveen Sharma
Series- 416
Opting for payment of tax under the FCM by a GTA
1- Video Link: https://youtu.be/gaABUN1WShI
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2- With reference to the Notification No. 03/2022-CT (Rate), dated 13th July 2022, an option is being provided on the portal to all the existing taxpayers providing GTA Services, desirous of opting to pay tax under the forward charge mechanism to exercise their option.
3- They can navigate Services > User Services > Opting Forward Charge Payment by GTA (Annexure V), after login, to submit their option on the portal.
4- Option in Annexure V FORM is required to be submitted on the portal by the GTA every year before 15th March of the preceding financial year. The Option once filed cannot be withdrawn during the year.
Regards
CA. Praveen Sharma
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