Goods and Services Tax – Started By: – Prakriti Mish – Dated:- 16-8-2018 Last Replied Date:- 28-8-2018 – A GTA service provider can opt for RCM in case of FCM anytime ? or there is some requirement by law. can he change his mechanism anytime ? – Reply By ANITA BHADRA – The Reply = In my view , option for RCM / FCM by GTA service provider is transaction based and not for specific period .No such requirement has been indicated in any notification / provisions under GST Act .Experts are requested to share their views – Reply By KASTURI SETHI – The Reply = After browsing so many notifications/circulars/FAQs etc. I am also of the same view. – Reply By Himansu Sekhar – The Reply = When the supply is to the non specified category, suppose to an i
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? Client has supplied under both mechanism. How to correct his transactions ? – Reply By Ganeshan Kalyani – The Reply = Logically from the beginning of a month or beginning of a year. – Reply By Ravikumar muthusamy – The Reply = If GST collected by GTA in his bill then no need for GST payable by receipient under RCM. Experts pls correct me if wrong – Reply By KASTURI SETHI – The Reply = This is an extract from 20th GST Council Meeting on 5.8.17 8. Goods Transport Agency Service (GTA) Allowed option of 12% GST with full ITC under forward charge. 5% GST with no ITC will also continue. (However, the GTA has to give an option at the beginning of financial year – Reply By Ganeshan Kalyani – The Reply = Yes, correct – Discussion-Forum – Knowledg
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