Weekly Updates [06 – 12 May, 2023]

The following notifications were issued by the CG during this week –

Notification No.	Subject	Effective from (the earliest date…)
10/2023 – CT	Implementation of e-invoicing for the taxpayers having ATO exceeding ₹ 5 crores from 01 Aug 2023	01 Aug 2023
05/2023 – CT(R) and IT(R)	Amendment of notification No. 11/2017- CT(R) so as to extend last date for exercise of option by GTA to pay GST under forward charge.	09 May 2023

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Notification No. 10/2023 – CT

Through this notification, the CG has amended the erstwhile issued Notfn. No. 13/2020 – CT, dated 21 March 2020, as amended from time to time, in order to further reduce the threshold for applicability of e-invoicing provisions. According to the amendment, registered person, other than

• a government department,
• a local authority,
• a SEZ unit,
• an insurer/ bank/ financial institution/ NBFC,
• a GTA,
• a supplier of passenger transportation services and
• a supplier of services by way of admission to exhibition of cinemas in multiplex screens

whose ATO in any preceding financial year from 2017-18 onwards exceeds ₹ 5 crores, as a class of registered person who shall prepare e-invoices and other prescribed documents, in terms of Rule 48(4) of the CGST Rules in respect of supply of goods or services to a registered person or for exports.

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Notification No. 05/2023 – CT(R) and IT(R)

Through this notification, the CG has extended the due date for filing the declaration by a GTA in Annexure V of Notification No. 11/2017 – CT(R) for the FY 2023-24 till 31 May 2023. This Annexure is filed by a GTA who exercises the option to itself pay GST on the services supplied by it during a FY. In general cases, it is required to be filed on or before 15 March of the FY preceding the FY for which the option is to be exercised.

Further, another proviso has been inserted in the said notification to the effect that a GTA who commences new business or crosses threshold for registration during any FY, may exercise this option during that FY by making a declaration in Annexure V within 45 days from the date of applying for GST registration or 1 month from the date of obtaining registration whichever is later.

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