{"id":8787,"date":"2023-02-27T07:40:08","date_gmt":"2023-02-27T07:40:08","guid":{"rendered":"https:\/\/www.klickongstworld.com\/blog\/?p=8787"},"modified":"2023-02-27T07:40:34","modified_gmt":"2023-02-27T07:40:34","slug":"gstn-issued-advisory-on-opting-for-payment-of-tax-under-the-forward-charge-mechanism-by-a-goods-transport-agency","status":"publish","type":"post","link":"https:\/\/www.klickongstworld.com\/blog\/gstn-issued-advisory-on-opting-for-payment-of-tax-under-the-forward-charge-mechanism-by-a-goods-transport-agency\/","title":{"rendered":"GSTN issued advisory on opting for payment of tax under the forward charge mechanism by a Goods Transport Agency"},"content":{"rendered":"<p align=\"justify\">The Goods and Services Tax Network has issued an&nbsp;<strong><em>Advisory  dated February 25, 2023<\/em><\/strong>&nbsp;on opting for payment of tax under the  forward charge mechanism by a Goods Transport Agency (<strong>&quot;GTA&quot;<\/strong>)<\/p>\n<p align=\"justify\">In compliance of <a href=\"https:\/\/www.klickongstworld.com\/uploads\/CGST\/1657774256.pdf\">Notification No.  03\/2022-Central Tax (Rate), dated 13th July, 2022<\/a>, 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 <strong>navigate  Services &gt; User Services &gt; Opting Forward Charge Payment by GTA (Annexure  V), after login, to submit their option on the portal.<\/strong>\n  <\/p>\n<p align=\"justify\">Option in Annexure V FORM is  required to be submitted on the portal by the Goods Transport Agencies every  year before the commencement of the Financial Year. The Option once filed  cannot be withdrawn during the year and the cut-off date for filing the  Annexure V FORM is 15th March of the preceding financial year.\n  <\/p>\n<p align=\"justify\"><strong>Annexure V has been made  available on the portal for GTA&#8217;s to exercise their option for the Financial  Year 2023-24, which would be available till 15TH March, 2023.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>2023\/02\/gstn2702-3.jpg<\/p>\n","protected":false},"author":1,"featured_media":8789,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"_links":{"self":[{"href":"https:\/\/www.klickongstworld.com\/blog\/wp-json\/wp\/v2\/posts\/8787"}],"collection":[{"href":"https:\/\/www.klickongstworld.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.klickongstworld.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.klickongstworld.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.klickongstworld.com\/blog\/wp-json\/wp\/v2\/comments?post=8787"}],"version-history":[{"count":2,"href":"https:\/\/www.klickongstworld.com\/blog\/wp-json\/wp\/v2\/posts\/8787\/revisions"}],"predecessor-version":[{"id":8791,"href":"https:\/\/www.klickongstworld.com\/blog\/wp-json\/wp\/v2\/posts\/8787\/revisions\/8791"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.klickongstworld.com\/blog\/wp-json\/wp\/v2\/media\/8789"}],"wp:attachment":[{"href":"https:\/\/www.klickongstworld.com\/blog\/wp-json\/wp\/v2\/media?parent=8787"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.klickongstworld.com\/blog\/wp-json\/wp\/v2\/categories?post=8787"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.klickongstworld.com\/blog\/wp-json\/wp\/v2\/tags?post=8787"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}