TMI BlogWHEN GTA CAN OPT FOR FCM UNDER GSTX X X X Extracts X X X X X X X X Extracts X X X X ..... Dear Sir, My one of client is a registered GTA , but even though it was registered we were raising Transport Services Invoices on Reverse charge , and on sale of old vehicles we were raising Invoices on forward charge. Now, from 01.09.2018, my client wants to raise all the Invoices on Forward charge basis and also , want to take credit of Inputs of the same. SO, can he opt from middle of year the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... option of migrating from RCM to FCM? - Reply By Praveen Nair - The Reply = If the GTA wants to pay GST then as per Notification No. 20/2017-Central Tax (Rate) 22nd August 2017 , he can opt for: 12% GST with ITC 5% GST with No ITC Provided the GTA has opted for the same at the beginning of the Financial year. - Reply By DR.MARIAPPAN GOVINDARAJAN - The Reply = 3) ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... (4) (5) (iii) Services of goods transport agency (GTA) in relation to transportation of goods (including used household goods for personal use). Explanation .- goods transport agency means any person who provides service in relation to transport of goods by road and issues consignment note, by whatever name called. 2.5 Provide ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d that credit of input tax charged on goods and services used in supplying the service has not been taken [Please refer to Explanation no. (iv)] or 6 Provided that the goods transport agency opting to pay central tax @ 6% under this entry shall, thenceforth, be liable to pay central tax @ 6% on all the services of GTA supplied by it. ; ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... In this notification the time of option to be exercised is not mentioned. Elsewhere it is provided that the option is given in the beginning of the financial year? - WHEN GTA CAN OPT FOR FCM UNDER GST - Query Started By: - KULDEEPSINGH KHANGAROT Dated:- 3-9-2018 Goods and Services Tax - GST - Got 2 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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