WebJan 2, 2024 · RCM on Security Services has been introduced in GST by the Government vide Notification No. 29/2024-Central Tax (Rate) dated 31.12.2024. W.e.f. 01.01.2024, any registered person receiving Security services (services provided by way of supply of security personnel) from any person other than a body corporate is required to pay GST … WebJun 11, 2024 · Central Tax (Rate) Notification No 29 of 2024 dated 31st December, 2024 under GST. Seeks to amend notification No. 13/2024- Central Tax (Rate) so as to specify services to be taxed under Reverse Charge Mechanism (RCM) as recommended by Goods and Services Tax Council in its 31st meeting held on 22.12.2024.
RCM on Security Service - Legal Mantra
WebJan 26, 2024 · List of services under RCM in GST . Following is the list of services where the recipient of services shall be liable to pay GST under reverse charge:- ... (Rate) dated … WebAny manpower services such as drivers, data entry operators and other clerical staff, security services, and housekeeping services supplied to a person (whether or not business) attract GST at 18%. It is important to note that if such services are provided to the Central or state governments or any government department will also attract GST at the rate of 18%. signsbyyesterday.com
RCM on Security Services under GST W.E.F. 01.01.2024 - TaxGuru
Web74 rows · Apr 13, 2024 · GTA (Compulsory RCM) [Sec 9 (3)] Applicable. 5%. NA. Compulsory RCM 5%. Yes. Compulsory reverse charge is applicable on GTA Services @ 5%. Full ITC is … WebNov 1, 2024 · That considering the numerous problems in tax collection from small security service providers, such service has been brought under the purview of RCM. Hence, RCM … WebSep 6, 2024 · 5 Replies. Yes. You can. However With effect from 01.01.2024 Any Registered Person receiving security services (Service provided by way of supply of security personnel) from any person other than a body corporate is required to pay GST on reverse charge basis. Assuming that the supplier is a body corporate, you can claim ITC on the same. sign scaffolding