If GTA opts to pay tax @ 12%.
Always tax will be payable by GTA?
(even in case of specified recipients where RCM must apply?)
10 Replies
Pankaj Rawat
(GST Practitioner)
(55057 Points)
Replied 27 January 2019
As per notification 22/2018 CT (r) , yes GTA can charge 12 % under forward charge & no RCM is applicable , the recipient can claim ITC
Vedant Khanna
(374 Points)
Replied 27 January 2019
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?
Anshuman Basu
(account -GST)
(1556 Points)
Replied 27 January 2019
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 ?
Vedant Khanna
(374 Points)
Replied 27 January 2019
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.
Pankaj Rawat
(GST Practitioner)
(55057 Points)
Replied 27 January 2019
@ 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
Anshuman Basu
(account -GST)
(1556 Points)
Replied 27 January 2019
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?
Vedant Khanna
(374 Points)
Replied 27 January 2019
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?
ca vee gee
(hisar)
(131 Points)
Replied 08 August 2019
IS FCM AND RCM BOTH CAN CARRY ON SINGLE PAN BY TAKING TWO GST NO. IN SAME STATE???
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