Security's service
keshavamurthy mb (159 Points)
29 November 2019
security services exempt or taxable
2 Replies
RAJA P M
("Do the Right Thing...!!!")
(128111 Points)
Replied 29 November 2019
In the Service Provider's hands it's exempted from 1st February 19...
Kapadia Pravin
(17264 Points)
Replied 29 November 2019
GST is applicable on Security services with effect from 1st July, 2017 under Forward Charge Mechanism (FCM) wherein the provider of security services is liable to pay GST.
However, with effect from 1st January, 2019, the Govt. has introduced Reverse Charge Mechanism (RCM) on certain types of persons, wherein the person receiving the security service will be liable to pay GST.
It is exempt in the hands of service provider.
However, with effect from 1st January, 2019, the Govt. has introduced Reverse Charge Mechanism (RCM) on certain types of persons, wherein the person receiving the security service will be liable to pay GST.
It is exempt in the hands of service provider.
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