Security services
keshavamurthy mb (130 Points)
23 January 2020
security service under gst is examtion or not
keshavamurthy mb (130 Points)
23 January 2020
sidhu
(Tax consultant)
(70 Points)
Replied 23 January 2020
GST on Security Services (Applicable only from 01.01.2019):
With effect from 01.01.2019, any Registered Person receiving security services from any person other than a body corporate is required to pay GST on reverse charge basis.
Example : A (partnership firm) provide security service to B ltd (Service Recipient) - XYZ shall pay GST on Reverse charge basis.
If A is a body corporate, then RCM is not applicable. B ltd is required to charge GST in the invoice & collect GST from A ltd).
PrabuSubramanianThangavelpilai
(CA Article Assistant)
(132 Points)
Replied 23 January 2020
With effect from 01.01.2019, Any Registered Person receiving security services, from any person other than a body corporate is required to pay GST on reverse charge basis.
For Example: XYZ being a partnership firm provide security service to ABC (Service Receiver) then GST liability is on ABC on Reverse charge basis.
But in the same example if XYZ is a body corporate then the case is normal to charge & XYZ will charge GST on invoice & collect GST amount from ABC & pay it to Government.
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