ITC ON SECURITY SERVICE
Sagar Praveen (30 Points)
16 March 2020
can we claim the ITC If service provider has charged the gst and we have made payment the same is reflecting in gstr-2a
Sagar Praveen (30 Points)
16 March 2020
CA Kaushal Sharda
(Partner - K Sharda & Co)
(135 Points)
Replied 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.
srikumar
(audit staff)
(1203 Points)
Replied 16 March 2020
CA Naveen Chand
(Chartered Accountant)
(12729 Points)
Replied 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
Neelapu Suresh Kumar
(2 Points)
Replied 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
(CA)
(1258 Points)
Replied 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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