FCM and RCM under GST

[Guest]

A GTA service provider can opt for RCM in case of FCM anytime ? or there is some requirement by law.

can he change his mechanism anytime ?

AI Summary

Can Goods Transport Agencies Switch GST Charge Mechanisms? Transaction-Based Choice Between FCM and RCM Explained. A discussion on a forum addresses whether a Goods Transport Agency (GTA) service provider can switch between Forward Charge Mechanism (FCM) and Reverse Charge Mechanism (RCM) under the Goods and Services Tax (GST). Participants agree that the choice is transaction-based, not period-based, and governed by legal provisions. A GTA can choose between 12% GST with Input Tax Credit (ITC) under FCM or 5% GST without ITC under RCM. The consensus is that the method should ideally be consistent over a period for audit purposes. Changes should be made at the beginning of a month or year.