we are a builders, receiving security service from security agency (Partnership Firm, not LLP) towards our construction site, also they are issuing monthly security bill with GST, we are also claiming Input tax GST on this bill. recently i read new circular, with effect from 01.01.2019 reverse charge applicable on security service. how it will be affect on in this situation , i am liable for gst on reverses charge basis whether party collected on bill
01 February 2019
RCM Applicable on security services, you have to pay GST. Subsequently month you can claim GST. If services provider other than company will not charge GST on Security services, Receiver of service has to pay GST RCM
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