CBIC / GST notification 05/2023- Integrated Tax (Rate) · 09 May 2023
Official title
05/2023- Integrated Tax (Rate) : Seeks to amend notification No. 08/2017- Integrated Tax (Rate) dated 28.06.2017 so as to to extend last date for exercise of option by GTA to pay GST under forward charge.
Official record
Open source pageSummary
Check the official recordThe Central Government amends the notification regarding the Integrated Goods and Services Tax rate for Goods Transport Agencies. The amendment extends the deadline for a Goods Transport Agency to exercise the option to pay tax under the forward charge mechanism for the financial year 2023-2024. A Goods Transport Agency must exercise this option on or before 31 May 2023. Additionally, a Goods Transport Agency that starts a new business or exceeds the registration threshold during a financial year may exercise this option. Such an agency must submit a declaration in Annexure V. The agency must submit this declaration within forty-five days from the date of the registration application or one month from the date of obtaining registration, whichever is later.
What you must do
Key dates
Who is affected
[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)]
Government of India
Ministry of Finance
(Department of Revenue)
Notification No. 05/2023- Integrated Tax (Rate)
New Delhi, the 9^th May, 2023
G.S.R......(E).-In exercise of the powers conferred by sub-sections (1), (3) and (4) of section 5, subsection (1) of section 6 and clauses (iii), (iv) and (xxv) of section 20 of the Integrated Goods and Services Tax Act, 2017 (13 of 2017), read with sub-section (5) of section 15, sub-section (1) of section 16 and section 148 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government, on the recommendations of the Council, and on being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in the notification of the Government of India, in the Ministry of Finance (Department of Revenue), No. 8/2017-Integrated Tax (Rate), dated the 28th June, 2017, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 683(E), dated the 28th June, 2017, namely:-
In the said notification, in the Table, against serial number 9, in item (iii), in sub-item (b), in the entries under column (5), in condition (2), after the second proviso, the following provisos shall be inserted, namely:-
“Provided also that the option for the Financial Year 2023-2024 shall be exercised on or before the 31st May, 2023:
Provided also that a GTA who commences new business or crosses threshold for registration during any Financial Year, may exercise the option to itself pay GST on the services supplied by it during that Financial Year by making a declaration in Annexure V before the expiry of forty-five days from the date of applying for GST registration or one month from the date of obtaining registration whichever is later.”.
[F. No. -CBIC-190354/63/2023-TO (TRU-II)-CBEC]
(Rajeev Ranjan)
Under Secretary to the Government of India
Note: - The principal notification number 08/2017 - Integrated Tax (Rate), dated the 28th June, 2017 was published in the Gazette of India, Extraordinary, vide number G.S.R. 683 (E), dated the 28th June, 2017 and last amended vide notification number 03/2022-Integrated Tax (Rate), dated the 13^th July, 2022 published in the official gazette vide number G.S.R. 542(E), dated the 13^th July, 2022.
