CBIC / GST notification 05/2023- Union Territory Tax (Rate) · 09 May 2023
Official title
05/2023-Union Territory Tax (Rate) : Seeks to amend notification No. 11/2017- Union Territory 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 Union Territory Tax (Rate) notification to extend the deadline for Goods Transport Agencies (GTA) to choose the forward charge payment method. For the Financial Year 2023-2024, a GTA must exercise this option on or before 31 May 2023. A GTA that starts a new business or exceeds the registration threshold during a financial year may also exercise this option. Such a GTA must submit a declaration in Annexure V. The deadline for this declaration is 45 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- Union Territory 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 7, sub-section (1) of section 8, clause (iv), clause (v) and clause (xxvii) of section 21 of the Union Territory Goods and Services Tax Act, 2017 (14 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.11/2017-Union Territory Tax (Rate),dated the 28^th June, 2017, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 702(E), dated the 28^th 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 11/2017 –Union Territory Tax (Rate), dated the 28th June, 2017 was published in the Gazette of India, Extraordinary, vide number G.S.R. 702(E), dated the 28th June, 2017 and last amended vide notification number 03/2022-Union Territory Tax (Rate), dated the 13^th July, 2022 published in the official gazette vide number G.S.R. 543(E), dated the 13^th July, 2022.
