RCM ON SECURITY CHARGES FROM INDIVIDUALS

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A corporate company is seeking clarification on GST input credit for security services provided by an individual GST-registered person. They are paying RCM but fear losing input credit if the provider cancels their GST registration. The company hopes that the input tax credit (ITC) will remain available based on self-invoices, even after the provider's registration is cancelled.

Shankar Rao

Shankar Rao (Querist)

19 January 2024 Dear Sir,
We are corporate company, security service provider is individual with GST register person but as per gst law we are taking monthly bill without gst from them due to service provider is individual, as well as we are paying RCM to GST authority and taking input credit on this bills.
Later on service provider cancelled their gst registration due to this reason GST authority will disallow the our GST input credit on security charges. please clarify this issue

RAJA P M

RAJA P M (Expert)

19 January 2024 Is there dept cancelled all inputs or after cancellation??

Aashok Kumar Sharma online

Aashok Kumar Sharma

(Expert)

19 January 2024 I hope the GST Cancellation is for service recipient only and I think RCM ITC shall be available on the basis of self-invoice, subject to payment of taxes.

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