One of our security service provider is registered under gst and issuing us his tax invoice with gst charged @ 18%.
Do we still need to consider it under RCM and pay gst on same. Which amount is to be considered?
5 Replies
pankaj
(Chartered Accountant)
(106 Points)
Replied 04 November 2020
Whether your service provider is company?
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 04 November 2020
As per Notification 29/2019 CT (R) , yes the RCM is applicable when the Service Provider is other than a Body Corporate & Service Receptient is Registered person.
So If the status of Services provider is Partnership Firm & Not LLP or Company , not required Charge GST on bill raised by him to Registered Person as It's under RCM .
Hence Ask you Supplier to Raise bill without GST as RCM is applicable.
So If the status of Services provider is Partnership Firm & Not LLP or Company , not required Charge GST on bill raised by him to Registered Person as It's under RCM .
Hence Ask you Supplier to Raise bill without GST as RCM is applicable.
Jatin Bhatt
(Professional Consultant)
(30 Points)
Replied 05 November 2020
Thank you Pankaj Rawat for clarification
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 09 November 2020
Dear Jatin
You are always welcome
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