GTA - Option to Forward Charge Mechanism

This query is : Resolved

CA. Piyush Rawal (Querist)
Follow

13 January 2020 Dear Experts,

If GTA is currently registered under RCM and not charging GST to the customers. Accordingly, does not avail the input credit. Now, GTA want to opt for Forward Charge mechanism as per the notification 20/2017 dtd 22-08-2017. Whether such option cane be availed from any date or is it mandatory to opt for such option at the beginning of the financial year?
Once option is selected, whether it remains irrevocable?

CA Anita Bhadra

CA Anita Bhadra (Expert)
Follow

14 January 2020 Nowhere in the notification, it has been said that option can be exercised at the beginning of the financial year or it is irrevocable.
In my view, option is applicable on transaction base .

Message likes : 1 times

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

B.K.RAJANDHERAAN

Shameem ahmed

Ajinkya Deshpande

Jai Solanki

seshachary

Subscribe Now

GTA - Option to Forward Charge Mechanism

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

GST CONSULTANT

Accountant

GST CONSULTANCY

CA Final

Manager- Finance and Compliance

Senior Executive