Regarding GTA Service

Previous year exempt and current year RCM..?Mr.Anirban there is no such thing like this. If you are a GTA service provider either you can inform the recipient to pay tax under RCM @ 5% or you can avail credit @ 12% under forward charge.However if you are registered and your recipient is b2c instead of b2b, then you can collect the levy @ 5 % and pay it yourself, however you can't avail credit in the same.

Originally posted by : Ashwin Kumar
	Previous year exempt and current year RCM..?Mr.Anirban there is no such thing like this. If you are a GTA service provider either you can inform the recipient to pay tax under RCM @ 5% or you can avail credit @ 12% under forward charge.However if you are registered and your recipient is b2c instead of b2b, then you can collect the levy @ 5 % and pay it yourself, however you can't avail credit in the same.

It doesn't matter your recipient is registered or not. If GTA opts RCM than recipient has to pay GST @ 5% under RCM and  if GTA opts FCM than GST has to pat @ 5% (without ITC) and 12 % (with ITC).

 

If GTA opts RCM and recipient is unregistered then NO GST.