We are excited to bring you important updates on the latest functionalities available on the portal for GTA (Goods Transport Agency) taxpayers. These changes, effective from January 1, 2024, are designed to streamline the filing process and enhance your experience. Let’s dive into the key features:
1. Filing Online Declaration in Annexure V and Annexure VI for Existing GTA Taxpayers
For existing GTA taxpayers, a significant update has been introduced in line with Notification No. 06/2023-Central Tax (Rate), dated 26.07.2023. Now, you have the option to pay GST on either the Forward Charge mechanism or the Reverse Charge mechanism. To exercise this option, simply make a declaration in Annexure V or Annexure VI from January 1 to March 31 of the current Financial Year for the next Financial Year.
To File Annexure V Form:
- Post-login on the FO portal, navigate to Services >> User Services >> GTA >> Opting Forward Charge Payment by GTA (Annexure V).
To File Annexure VI Form:
- Post-login on the FO portal, navigate to Services >> User Services >> GTA >> Opting to Revert under Reverse Charge Payment by GTA (Annexure VI).
2. Filing Online Declaration in Annexure V for Newly Registered GTA Taxpayers
Newly registered GTA taxpayers can now file their declaration for GST on Forward Charge mechanism within the specified due date for the current Financial Year (2023-2024 and onwards). The due date, calculated by the system, will be displayed on the dashboard. This is made possible by the provisions outlined in Notification No. 5/2023-Central Tax (Rate), dated 09.05.2023.
To Access:
- Post-login on the FO portal, click YES on the pop-up message after login or navigate to Services >> User Services >> GTA >> Opting Forward Charge Payment by GTA (Annexure V).
3. Uploading Manually Filed Annexure V Form for FY 2023-24 on the Portal
For both existing and newly registered GTA taxpayers who manually submitted Annexure V Form for the FY 2023-24 with the jurisdictional authority, a new feature allows you to upload a duly acknowledged legible copy of the Annexure V Form on the portal. This ensures accurate record-keeping and eliminates the need to refile for subsequent Financial Years if the form was filed manually within the specified due date.
To Access:
- Post-login on the FO portal, navigate to Services >> User Services >> GTA >> Upload Manually Filed Annexure V.
Important Note:
As per the aforementioned notification, the option exercised by GTA to pay GST on services during a Financial Year is deemed to be exercised for the next and future financial years unless a declaration in Annexure VI is filed to revert under the reverse charge mechanism.
For those who filed a declaration for the FY 2024-25 on the portal between July 27, 2023, and August 22, 2023, your declarations are considered valid. You are not required to file Annexure V Form for subsequent Financial Years if you wish to continue with the option to pay GST on the Forward Charge mechanism.
These updates aim to simplify your compliance journey and enhance the overall efficiency of the GST filing process. We encourage all GTA taxpayers to explore these functionalities and take advantage of the streamlined procedures.
For any queries or assistance, our dedicated support team is ready to help.
