RCM on Security Service

Reading Time: 2 minutesRCM Liability/ITC Statement, In the matter of correctly reporting Reverse Charge Mechanism (RCM) transactions, a new statement called “RCM Liability/ITC Statement“ has been introduced on the GST Portal. This statement will enhance accuracy and transparency for RCM transactions by capturing the RCM liability shown in Table 3.1(d) of GSTR-3B and its corresponding ITC claimed in Table
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Reading Time: 2 minutesSecurity Services under GST, In general terms the Security Service means service rendered by any person towards the security of any movable or immovable property  or security of any person in any manner. In Service Tax Regime, security services provided by individual, HUF or partnership firm to a body corporate were covered under Reverse Charge
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