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Service tax
If company is receiving security services and service tax is payable on it in reverse charge, then it under which Account code service tax is payable ? i.e in Manpower code or security/ Detective Agency code ?
Replies (1)
Dear Ankit Shah,
Previously as per Notification 30/2012 dated 20.06.2012 the Receiver of service i.e. the business entity would have to pay 75% of the Service Tax, remaining 25% would be paid by the Service Provider.
But now w.e.f. 01.04.2015 full (or) say 100% RCM will be applicable in Security services. Thus 100% Service Tax will be responsibility of the Service Receiver (Business Entity, Regd. Body Corporate) not Service Provider (Security Service).
Your Account Code for Security Agency
Tax: 00440108
Interest: 00440109
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