{"id":3141,"date":"2019-12-13T18:11:20","date_gmt":"2019-12-13T12:41:20","guid":{"rendered":"https:\/\/aktassociates.com\/blog\/?p=3141"},"modified":"2019-12-13T18:19:59","modified_gmt":"2019-12-13T12:49:59","slug":"gst-on-security-services","status":"publish","type":"post","link":"https:\/\/aktassociates.com\/blog\/gst-on-security-services\/","title":{"rendered":"GST Implication On Security Services"},"content":{"rendered":"

Recently, Under CGST Act, 2017, some major changes took place by which many industries were affected. Some of them were happy with the changes and some of them is having the struggle to comply with the provisions. Since, the law is new, hence the changes in the act are natural. The government brings the amendment in the act by notifications.\u00a0<\/span><\/p>\n

\"GST<\/p>\n

One of the big change has been made is in the security services which has already been applied.<\/span><\/p>\n

This change has been made by adding entry number 16 in the notification number 09\/2017 issued on 28.06.2017. As per this change, many entities providing security services shall get affected.<\/span><\/p>\n

Although the meaning of term Security Service has not been defined under the <\/span>GST<\/span> Act, however, in general, Security Service means those service which has been rendered by any person towards the security of any property (whether movable or immovable) or the security of any person in any other manner.\u00a0 The change in the security services made in the Reverse charge Mechanism<\/a> which has been applicable from 01.01.2019. In this article, we will present a detailed analysis of GST payment under the Security Service.<\/span><\/p>\n

Where any person or entity is providing the security services to any person then such services shall be chargeable under Forwarding charge Mechanism and such entity shall levy GST on its tax invoice and paid it to the government at or before the date of filing of GSTR-3B<\/span><\/p>\n

However, the above system has been changed in the Payment of GST on Security Service on or after 1st\u00a0January 2019<\/span><\/p>\n

As per the notification no. 29\/2018 \u2013 Central Tax (Rate) dated 31st\u00a0December 2018, GST provisions as applicable to GST payment on Security Service has undergone various changes.<\/span><\/p>\n

Under the above-referred notification, Now Reverse Charge Mechanism has also been effective on the Security Service. Reverse Charge Mechanism shall be applicable to the Security Service only and only if all the below mentioned conditions get satisfied. In other words, GST is payable by the service servicer, in case if all of the below conditions are satisfied\u2013<\/span><\/p>\n

The recipient shall be liable for the payment of GST where the security services (services provided by way of supply of security personnel) provided to a registered person<\/span><\/p>\n

However, nothing shall be applicable to the following:<\/strong><\/p>\n