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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 ..... Option for GTA Services in GST X X X X Extracts X X X X X X X X Extracts X X X X ..... everse 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 supply 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 recipi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ent 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 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 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 va ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... luable advise. Reply By Ganeshan Kalyani: The Reply: You are welcome Sir. Thanks. Reply By Ravikumar muthusamy: The Reply: I think GTA can raise 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Kumar Ji, I am not closed. You should post your query independently so that you should get the views of all experts. Also explain 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 t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... he following language against serial 9 :-
CGST 6 % +6% SGST
Provided that the goods transport agency opting to pay 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 X X X X Extracts X X X X X X X X Extracts X X X X
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