(GSTmitra Series-2019-“3”) πŸ“’RCM on Security Services w.e.f. 1.1.2019

 

🌴RCM on Security Services has been introduced in GST by the Government vide Notification No. 29/2018-Central Tax (Rate) dated 31.12.2018.

🌴W.e.f. 01.01.2019, any registered person receiving Security services (services provided by way of supply of security personnel) from any person other than a body corporate is required to pay GST on reverse charge basis.

🌴TDS deductor and Composition taxpayers are not required to pay GST on RCM basis.

🌴If any registered person is receiving security services from any security agency (other than body corporate) he is required to pay GST on RCM basis.

🌴Note that government had issued notification on 31-12-2018 regarding under compulsory reverse charge by recipient of service.

🌴In other words:
If you receive any Invoice DATED on or after 01-01-2019 then, Please inform the Security Service provider (other than Body Corporate), not to charge GST in the Invoice. As you are liable to pay GST on the same under the compulsory reverse charge

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