Hello
As per the notification No. 29/2018- Central Tax (Rate) GST is to be paid on reverse charge basis for Security services (services provided by way of supply of security personnel) provided to a registered person. But should it be paid even if the secrity service provider is a registered person ??
what is the rate at which RCM is payable by Service Recipient???
Security services provided to a registered person by person [other than body corporate] is taxable under RCM in hands of such registered person
Security services provided to a registered person by person [other than body corporate] is taxable under RCM in hands of such registered person
If you are a firm/sole properietor providing such services to registered person then tax has to be paid under RCM by reciever post 1.1.2019
However, in case the services are provided during Dec ’18 and the invoice in this respect has been issued during Jan ’19 in terms of section 31 of the Act (assuming no advance received); the time of supply would be Jan ’19 and the said services would be liable under RCM
Sir,
What if service privided by URD proprietor to registered dealer?
Still RCM need to pay by recipient of service i.e. Registered Dealer.
Also if RCM is payable then can we take back ITC as its URD service provider?
Pl help to resolve the issue.
TIA.
CAclubindia
