CBIC extends time limit for exercise of option by GTA for payment under ‘forward-charge’ till May 31

CBIC extends last date for exercise of option by Goods Transport Agency (GTA) to pay GST under forward charge till May 31, 2023 for the Financial Year 2023-2024; Also appends 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 45 days from the date of applying for GST registration or one month from the date of obtaining registration whichever is later; As a consequence, amends Notification no. 11/2017-Central Tax, Notification no. 08/2017-Integrated Tax and Notification no.11/2017-Union Territory Tax, all dated June 28, 2017