FCM and RCM under GST

[Asked by 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

GTA tax option: providers must elect forward charge with input credit or reverse charge without input credit annually.
GTA services must be taxed either under a forward charge with input tax credit or under a reverse charge without input tax credit; the GTA is required to give an option at the beginning of the financial year, indicating an annual election and the need for consistent accounting, although practitioners debated transaction by transaction flexibility and corrective measures where both mechanisms were applied.