Please Help: GTA opt RCM to FCM
Posted Date : 01-Apr-2020 , 12:54:06 am | Posted By Akhtar
Sir, i have a query, there is a Transporter who is Presentaly Raising Invoices 5% without ITC, Now he has purchased some Capital Goods they have huge amount of ITC so He wants to go for 12% with ITC,
My Query
1. he can go for 12%.????
2. if Yes, When He has claimed all ITC, whether he can opt again 5% GST without ITC
My Query
1. he can go for 12%.????
2. if Yes, When He has claimed all ITC, whether he can opt again 5% GST without ITC
Category : GST | Answers : 0 | Comments : 1 | Hits : 2358
Answers:
Comments
ca praveen mahla
04-Apr-2020 , 06:05:48 pmThe transporter can shift to FCM from starting of financial year and for that financial year he has to use FCM only. He can not shift to RCM.