RCM on Security Services has been introduced in GST by the Government Vide Notification No.29/2018-Central Tax (Rate) dated 31.12.2018. Attached herewith Notification.W.e.f., 01-01-2019, any registered person receiving Security Services (services provided by way of supply of secuirty personnel) from any person otherthan a body corporate is required to pay GST on reverse charge (RCM) basis.
What would be the new invoice format... Will there be any changes to return filing
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security guard service provider
Replies (5)
No Changes to return filing , only figures are to be shown under column of RCM input tax and output liabilities, and additional accounting entries need to passed.
regarding tax invoice, need to take advice from other member, as security agency will issue invoice. so need not prepare invoice again.
No need to prepare invoice.
Is RCM applicable on Man Power supply services
As per section 31 : The Recepient who is liable to pay Tax under RCM is shall issue the Self Tax Invoice if supplier is not Registered & Shall issue the payment voucher at the time of making payment to supplier
@ Jatin : No the RCM is not apllicable of Man Power
@ Jatin : No the RCM is not apllicable of Man Power
What if service provider is registered? Will there be any changes to billing
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