A person having 2 GSTIN in same state one with center jurisdiction other in state jurisdiction. In both of the firm transportation service has been provided. However he has filed Annexure V opting for FCM @ 12% in only 1 GSTIN. He want to continue RCM billing in his 2nd firm and FCM @ 12% in 1 firm.
is this legal as per law. please provide notification or circular reference.
2 Replies
Kishor Lulla
(993 Points)
Replied 05 May 2024
It's not legal. your choice cannot be on the basis of registration at Central and State. choice is yours pan wise and business wise.
CA Mayank A Jain
(Chartered Accountant in Practice)
(1260 Points)
Replied 07 May 2024
Each GSTIN can separately opt for FCM or RCM. I don't see any restriction.
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