If GTA opts to pay tax @ 12%.
Always tax will be payable by GTA?
(even in case of specified recipients where RCM must apply?)
Menu
GTA (FCM or RCM)
Replies (10)
As per notification 22/2018 CT (r) , yes GTA can charge 12 % under forward charge & no RCM is applicable , the recipient can claim ITC
So if a GTA who had opted at the beginning of the year to pay GST @ 12% under forward charge
If he supplies taxable goods to a partnership firm,
the firm will have to pay GST @ 5% under RCM?
If he supplies taxable goods to a partnership firm,
the firm will have to pay GST @ 5% under RCM?
yes sir, but one question is if GTA charge forward charge along with RCM together in his invoice at a time in particular financial year ?
No i think if GTA has opted 12% once at the beginning he must collect GST under forward charge from every recipient, as confirmed by pankaj sir above.
@ vedant Khanna
The firm is not required to do RCM neither has pay 5%GST , infact the firm can claim ITC
@ Amshuman
No the GTA cannot carry with both scheme of charging 12% & 5%, & has to opt any one in the beginning of fy year
The firm is not required to do RCM neither has pay 5%GST , infact the firm can claim ITC
@ Amshuman
No the GTA cannot carry with both scheme of charging 12% & 5%, & has to opt any one in the beginning of fy year
Thanks alot sir 😊
it means From beginning of the year GTA service provider should decide whether he charge GST in his bill or Not..... sir may I right?
yes correct dear
Sir this is the last doubt remaning in my mind.
If GTA opts GST @ 5% in the beginning
and supplies goods to a Non resident Taxable person, will Forward charge be applicable?
(Since NRTP is not covered under specified recipients)
So will the GTA have to collect GST @ 5% from NRTP in such a case?
If GTA opts GST @ 5% in the beginning
and supplies goods to a Non resident Taxable person, will Forward charge be applicable?
(Since NRTP is not covered under specified recipients)
So will the GTA have to collect GST @ 5% from NRTP in such a case?
IS FCM AND RCM BOTH CAN CARRY ON SINGLE PAN BY TAKING TWO GST NO. IN SAME STATE???
Recent Threads
- Loan to wife and interest income husband income or
- AOC-4 is not being filed
- Returning the shares gifted by daughter?
- Gst tax rate
- Accounting of Govt Grant in aid-Assam Tea Estate
- Utilizing Capital gains in new home construction
- Hi i have some doubt about my microsoft exam?
- Period of holding of residential flat and its acqu
- ITRs for AY 2025-26 filed in September 2025 not pr
- Heard & Seen Around – Your Daily Economi
Related Threads
CAclubindia
