Service to government bank

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Dear Friends

 

A security company provided security services to bank for carrying currency.

Will it  be charging service tax to the bank?

please provide relevant section, notification etc.

 

regards

shivani

Replies (1)

Yes, it would be taxable. Further, reverse charge would be applicable and bank is liable to pay service tax. Here is relevant extract of notfication no 30/2012:

8

in respect of services provided or agreed to be provided by way of supply of manpower for any purpose 10[or security services]

8[Nil]

9[100%]

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