Dear Experts,
As per Notification No 45&46 dated 07-08-2012:
"security services" means sevice relating to security of any property movable or immovable, or of any person in any manner, and includes the services of investigation,detection or verification,of any fact or activity".
In the above case as per the notification 45&46 reverse charge is applicable as 25% on the service provider and 75% on the service receiver w.e.f.07-08-2012.
some of the banks have interpreted to include the services of Chartered accountants in relation to stock audit,inspection,title search of property,verification of bills,inventory taking etc as services coming under security service.
How far are they correct is my doubt?
Thanks,
kkm
CAclubindia
