In my one of client GST invoice received from security agency and they took Credit of GST
Is it right ?
Or we have to take non GST invoice and pay RCM?
Replies (3)
Quick Summary
This discussion clarifies the Goods and Services Tax (GST) implications for security services. It explores whether businesses can claim input tax credit (ITC) on GST invoices from security agencies or if they should opt for a non-GST invoice and pay GST under the Reverse Charge Mechanism (RCM). The consensus leans towards the security agency filing GST on an RCM basis, with the recipient claiming ITC, though this can depend on the provider's corporate status.
Security service agencies have to file their GST return in RCM Basis.So you have to ask Security services to give Non-Gst invoice and pay GST on RCM basis and take ITC...