Goods Transport Agencies (GTA) in India have until May 31 to exercise the option of paying Goods and Services Tax (GST) on a forward charge basis for the current fiscal year, according to the finance ministry. Under GST, GTAs can either pay 12% tax with input tax credit or 5% without, and can choose to pass on the liability to the service recipient under reverse charge mechanism. The extension applies to new businesses or businesses that cross the registration threshold during the fiscal year by 45 days from the GST registration application date or one month from the registration date.