GST: Extend expiration date of term charge option for GTA services
A Request has been sent to Member Secretary/President of GST tip to extend the expiration date of the Installment Payment Option in the case of GTA Services.
With reference to the foregoing, it is respectfully affirmed that the Freight transport agencies have to file Schedule V to qualify for the tax installment charge and for the 2023-24 tax year and the deadline for filing Schedule V by the carrier was March 15, 2023. Many dealers who provide GTA Services and willing to go for Forward charge with respect did not submit Schedule V on or before the due date due to various reasons, including ignorance of this procedure. In most cases, these concessionaires became aware of this failure when the recipients of their service requested the supporting documents for the application in Annex V in April 2023.
Therefore, we kindly ask you to consider reopening the window to apply Schedule V again so that these dealers can charge in the future for GTA services based on their business needs.
Furthermore, in case of new record It seems that there is no possibility to opt for the term charge under the GTA service. Take for example a company that was started again on April 15, 2023 and wants to get paid in the future in case of GTA. How can you opt into this because the window is closed on March 15, 2023 for the fiscal year, please clarify the situation, and if the facility is not available, resolve this deadlock because in that case, under certain circumstances, it will not be possible for they. to do the business according to your requirements.
In addition to this, an already registered dealer wants to start GTA services in his current Registration certificate then they cannot opt for the term charge because the window is closed on March 15, 2023.
The transportation sector, which is a very important sector and most distributors in this sector are not equipped with the resources to understand the intricacies of GST laws therefore, it failed to comply with the procedural portion thereof and required relief from the GST council.
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