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GST Updates: Forward Charge Options for GTA by Ajit Gupta is a document available to read on EtoBox.

1. The GST Council has issued new notifications providing Goods Transport Agencies (GTAs) additional options for charging GST. 2. GTAs can now choose to charge GST at 5% without input tax credit under forward charge, in addition to the existing option of 12% with ITC. 3. Service recipients must pay GST under reverse charge if the GTA has not opted for forward charge payment or does not provide the required declaration in invoices. 4. Renting of residential dwellings to registered persons is now covered

Author

Ajit Gupta

Language

EN