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Sagar Praveen   16 March 2020

ITC ON SECURITY SERVICE

can we claim the ITC If service provider has charged the gst and we have made payment the same is reflecting in gstr-2a


 5 Replies

CA Kaushal Sharda

CA Kaushal Sharda (Partner - K Sharda & Co)     16 March 2020

Yes. You can. However With effect from 01.01.2019 Any Registered Person receiving security services (Service provided by way of supply of security personnel) from any person other than a body corporate is required to pay GST on reverse charge basis.

Assuming that the supplier is a body corporate, you can claim ITC on the same.

1 Like
srikumar

srikumar (audit staff)     16 March 2020

Body corporate can claim itc, other than body corporate pay rcm
1 Like
NAVEEN CHAND

NAVEEN CHAND (GST Practitioner)     16 March 2020

1. Security Services taxable under RCM  

Supplier : Security services provided by any person other than BODY CORPORATE

Recipient : registered person 

Person liable to pay tax under RCM : registered person 

 

2. Security Services taxable under Forward Charge 

 a. If services provided by BODY CORPORATE 

 b. If services provided by any person to unregistered person 

 c. Security Services provided other than personal security 

 d. Services supplied to registered person under Composition Scheme 

1 Like
Neelapu Suresh Kumar

Neelapu Suresh Kumar   22 August 2021

Our is an Education institution our income is exempted. We are not claiming ITC. We are taking security service from Individual and they collected GST from us and Paid to Govt. During 2019-20 and 2020-21 FY. In this case what happen us registered society

Bhavika Kothari

Bhavika Kothari (CA)     06 September 2021

If the same is available in your GSTR-2B then you can claim the ITC else you will have to check if this amount is under 5% of provisional ITC.


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