The date of exercising the option by Goods Transport Agencies (GTAs) to pay GST
under forward charge is amended to 1 January to 31 March of the preceding
financial year instead of the prior timeline of 1 January to 15 March. Furthermore,
GTAs shall not be required to file a declaration for paying GST under the forward
charge mechanism as it shall be deemed to have been exercised for the next and
future financial years unless the GTA files a declaration in Annexure VI to revert
under the reverse charge mechanism between 1 January to 31 March of the
preceding financial year.
