my client provides gta service under rcm.
recently he purchased trucks & want to go into fcm & wish to setoff the 12% liability from input credit of trucks...
he got 5 big clients from which 3 are ready to agree fcm by transporter & 2 wish to remain in rcm...
my que is :
1). whether can he operate his business under both fcm & rcm??
2). whether can he obtain 2 gst no. against the company(one for doing business under rcm & one for fcm)???
kindly resolve my query
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GTA RCM+FCM
Replies (4)
1. No............
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2. Yes .....................
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2. Yes .....................
sir on what basis we can obtain separate gst number...
can same transportation service(under rcm & fcm) can be termed as business vertical...
can same transportation service(under rcm & fcm) can be termed as business vertical...
As per amendment Act 31, 2018 , notified by notification 3/2019, dt. 29.1.19, the Vertical Registration being omitted in rule 11 of cgst act & substituted by "tax payer can take a multiple registration within state under same PAN"
Hence you can take 2 registration , one for your services under RCM & other for Your Services under FCM
one of my client is doing transport business with RCM and FCM in one GST registration .He is taking the input credit on proportionate basis of RCM and FCM turnover basis .
is that we can do .
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