Home GST Online Declaration Filing in Annexure V and VI

Online Declaration Filing in Annexure V and VI

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Online Declaration Filing in Annexure V and VI

GTA Taxpayers Get New Advisory from the Portal

The GSTN issued Advisory No. 620 on January 01, 2024, on the functionalities accessible on the portal for the GTA assessees.

The Functionalities Under are Made Out there on the Portal for the GTA Taxpayers

  • Submitting of On-line Declaration in Annexure V and Annexure VI for the present GTA Taxpayers: beneath Notification No. 06/2023-Central Tax (Fee), on 26.07.2023, the choice by the GTA to pay GST on the Ahead Cost mechanism or the Reverse Cost mechanism respectively on the companies provided by them in a Monetary 12 months can be practiced by making a declaration in Annexure V or Annexure VI from the first January of the present Monetary 12 months until thirty first March of the present Monetary 12 months, for the subsequent Monetary 12 months.

To Comply with the Notification Above the On-line Submitting in

Annexure V Kind and Annexure VI Kind can be found on the portal for the present GTA taxpayers for submitting a declaration in Annexure V Kind or Annexure VI Kind for the succeeding FY 2024-25 from 01.01.2024 to 31.03.2024.

  • The best way to Retrieve Annexure V Kind: Put up login on the FO portal-Navigate to Providers>>Person Providers>>GTA>>Opting Ahead Cost Cost by GTA (Annexure V).
  • A Information on Retrieving Annexure VI Kind: Put up login on the FO portal-Navigate to Providers>>Person Providers>>GTA>>Opting to Revert beneath Reverse Cost Cost by GTA (Annexure VI)
  • On-line Declaration Submission in Annexure V for Newly Registered GTA Taxpayers: As per Notification No. 5/2023-Central Tax (Fee) issued on 09.05.2023, newly registered taxpayers can now decide to pay GST beneath the Ahead Cost mechanism for companies offered. They’re permitted to submit their declarations throughout the stipulated deadline for the present Monetary 12 months, i.e., 2023-2024 and past. The system will now configure the due date (inside forty-five days from making use of for GST registration or one month from acquiring registration, whichever is later) and show it on the dashboard for these newly registered taxpayers. This allows newly registered GTA taxpayers to file their on-line declarations for the present Monetary 12 months throughout the specified due date on the portal.
  • To Entry: Put up login on the FO portal-Click on YES on the pop up message on put up login (or) Navigate to Providers>>Person Providers>>GTA>>Opting Ahead Cost Cost by GTA (Annexure V).
  • Guide Submission of Annexure V Kind for FY 2023-24 on the Portal: GTA taxpayers, whether or not present or newly registered, who’ve beforehand submitted Annexure V Kinds manually for the FY 2023-24 to their respective jurisdictional authorities, are kindly requested to add a transparent, duly acknowledged copy of the Annexure V Kind onto the portal. This uploaded copy ought to precisely replicate the main points offered within the bodily Annexure V initially submitted, together with the right date of acknowledgement from the jurisdictional workplace.

This motion is for record-keeping functions. Moreover, if Annexure V was submitted manually throughout the specified deadline for FY 2023-24, refiling it on the portal for FY 2024-25 or any subsequent Monetary 12 months will not be required. Using the handbook add function, taxpayers can securely add a legible copy of the duly acknowledged Annexure V for 2023-24, guaranteeing accuracy within the offered particulars.

Learn Additionally: GST: Transport Sector Wants Due Date Extension for GTA Ahead Cost

  • To Entry: Put up login on the FO portal-Navigate to Providers>>Person Providers>>GTA>> Add Manually Filed Annexure V.

In accordance with the aforementioned notification, if a Items Transport Company (GTA) chooses to pay GST for the companies offered in a specific Monetary 12 months, that alternative will mechanically prolong to subsequent monetary years until the GTA submits a declaration utilizing Annexure VI to revert to the reverse cost mechanism.

Nevertheless, GTAs who submitted declarations on the portal for the FY 2024-25 protecting the interval from 27.07.2023 to 22-08-2023 are thought of filed and legitimate. These taxpayers are knowledgeable that they aren’t required to submit Annexure V Kind declarations for the next Monetary Years in the event that they intend to keep up their choice for paying GST beneath the Ahead Cost mechanism.

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