RCM on security service

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This discussion clarifies the Goods and Services Tax (GST) implications when a state police superintending officer provides security personnel to banks. It addresses who is liable to collect and pay GST under the Reverse Charge Mechanism (RCM), confirming that banks are liable. The conversation also covers the registration and filing requirements for the police office and how banks can claim Input Tax Credit (ITC) by raising a self-invoice, even without 2A credit.

Sabita Sahoo

Sabita Sahoo (Querist)
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30 January 2020 A state govt.(superintending of police)office provide security personnel to some bank.In this situation who will collect gst and pay to govt.?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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31 January 2020 GST payable under RCM by banks.

Sabita Sahoo

Sabita Sahoo (Querist)
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31 January 2020 Here s.p office is liable to take registration as a taxpayer and file GSTR1 showing supply attract reverse charge?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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02 February 2020 Not required of such registration and filing return.

Sabita Sahoo

Sabita Sahoo (Querist)
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02 February 2020 If registration of s.p office is not required, then how bank take ITC?shall bank issue taxinvoice to himself showing supply attract reverse charge?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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02 February 2020 Yes raise invoice himself and claim ITC under RCM for which 2A credit not required.

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