Menu
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
Recent Topics :
- Practical queries on buy back of shares
- Any faculty recommendations for latest batch recor
- FAI & FAST-DS 2026 query
- Is GST registration mandatory in this case
- Buying a residential flat in Goa: should my wife b
- Income tax filling
- Applicability of RCM in the case of import of serv
- Confusion in gst registration for service category
- Itc claimed from return defaulters
- Gst input credit
Related Topics :
CAclubindia
