GSTN Issued Advisory on Filing Annexure V Declaration by GTA Opting for Forward Charge Tax Payment
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- By Chetan Kulasri
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- Last Updated on 1 June, 2023
Latest from Taxmann
GSTN Update dated May 31st, 2023
The GSTN has issued new advisory to inform that the GTAs, who commence business or cross registration threshold on or after 1st April, 2023, and wish to opt for payment of tax under forward charge mechanism are required to file their declaration in Annexure V for the FY 2023-24 physically before the concerned jurisdictional authority.
Such declaration must be filed within the timelines prescribed i.e. before the expiry of 30 days from the date of obtaining registration or 45 days from the date of application of registration whichever is later.
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