TaxTMI 
TaxTMI 
Whether RCM is applicable on Security services.
APPLICABILITY OF RCM ON SECURITY SERVICES
03 Apr 2019 
4 Replies 
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Reverse charge mechanism applies to security services, making supply of security personnel taxable under RCM and eligible for input credit.
Reverse Charge Mechanism applies to security services supplied by providing security personnel pursuant to Notification No.29/2018 amending the prior notification, making such supplies chargeable under RCM with effect from the notification's effective date; the tax rate is 18% and input tax credit is available subject to statutory eligibility conditions. (AI Summary)
Reverse Charge Mechanism applies to security services supplied by providing security personnel pursuant to Notification No.29/2018 amending the prior notification, making such supplies chargeable under RCM with effect from the notification's effective date; the tax rate is 18% and input tax credit is available subject to statutory eligibility conditions. (AI Summary)