GTA compare RCM or FCM
priyanshu shroti (21 Points)
11 November 2024or FCM( in which supplier has to pay tax 12% in which he can claim ITC)
if in FCM can he collect tax from recipient and paid
priyanshu shroti (21 Points)
11 November 2024
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177227 Points)
Replied 11 November 2024
If service receipants are ready to pay 12% under FCM, it is better option.
g.srinivasan
(Accountant)
(37 Points)
Replied 12 November 2024
Transportation tax payers prefer RCM. When supply includes transportation and billing is inseparable, it is very difficult to ascertain the machanism. Exple; in coal transportation covering loading and unloading and supervision service.
Cd you pls any one clarify the machanism
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