Dear Friends
A security company provided security services to bank for carrying currency.
Will it be charging service tax to the bank?
please provide relevant section, notification etc.
regards
shivani
Shivani (Learner) (1881 Points)
06 December 2016Dear Friends
A security company provided security services to bank for carrying currency.
Will it be charging service tax to the bank?
please provide relevant section, notification etc.
regards
shivani
Sunil Kumar
(Indirect Taxation )
(1246 Points)
Replied 06 December 2016
Yes, it would be taxable. Further, reverse charge would be applicable and bank is liable to pay service tax. Here is relevant extract of notfication no 30/2012:
|
8 |
in respect of services provided or agreed to be provided by way of supply of manpower for any purpose 10[or security services] |
8[Nil] |
9[100%] |
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