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TMI BlogOption for GTA Services in GSTX X X X Extracts X X X X X X X X Extracts X X X X ..... Our client providing GTA services. In current GTA service provider have three option to charge GST. 1.) Reverse Charge 2.) @5% without ITC 3.) @12% with ITC. Can we excise both option 1 3 parallel(i.e partly sales with reverse charge partly sales @ 12% with ITC). - Reply By KASTURI SETHI - The Reply = Not at all. Either opt for FCM or RCM. If your client opts for FCM, he will have to sup ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ply service under FCM for the whole financial year. Option can be exercised at the start of new financial year. No hybrid procedure is allowed. - Reply By Ravikumar muthusamy - The Reply = In my opinion GTA can collect GST if recipient is other than notified persons @5% without ITC or 12% with ITC . this option to be exercised once in a FY. if the recipient is notified person then GTA need not ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... collect GST as it is to be paid by notified person under RCM. pls correct me if i am wrong - Reply By Ganeshan Kalyani - The Reply = It will invite audit query as there will be irregularity in tax payment. That is some transaction will be considered for RCM and dome for FMC . Department cannot audit it. You will also not be able to justify all the transaction. Even if transaction is let out to ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... be considered for RCM then you will lose the trust of the auditor. Hence it is always better to follow one method as opined by experts colleague. - Reply By JIGAR SHAH - The Reply = Thank You Kasturiji, Ravikumarji and Ganeshanji for your valuable advise. - Reply By Ganeshan Kalyani - The Reply = You are welcome Sir. Thanks. - Reply By Ravikumar muthusamy - The Reply = I think GTA can raise ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... both FCM and RCM invoices as RCM is applicable if service recipient is notified persons . Even security agency service providers also raise both FCM and RCM invoices pls confirm the above correct or not - Reply By KASTURI SETHI - The Reply = Dear Ravi Kumar Ji, I am not closed. You should post your query independently so that you should get the views of all experts. Also exp ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... lain with example how hybrid procedure (method) is applicable to Security Service. - Reply By KASTURI SETHI - The Reply = No hybrid procedure. See Notification No.20/17-CT(Rate) dated 22.8.17 Serial No.(iii) amending Notification No.11/17-CT(Rate) dated 28.6.97 substituted the following language against serial 9 :- CGST 6 % +6% SGST Provided that the goods transport agency opting to p ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ay central tax @ 6% under this entry shall, thenceforth ( meaning in future ) , be liable to pay central tax @ 6% on all the services of GTA supplied by it. ; - Reply By Ravikumar muthusamy - The Reply = Very kind of you sir. I am clear now - Option for GTA Services in GST - Query Started By: - JIGAR SHAH Dated:- 30-9-2019 Goods and Services Tax - GST - Got 9 Replies - GST - Discussio ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n Forum - Knowledge Sharing, reply post by an expert, personal opinion 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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