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GST - Highlights / Catch Notes

Home Highlights August 2019 Year 2019 This

Supply or not - Refundable Interest Free Deposit (assume ₹ ...


GST Not Applicable on Refundable Deposits Unless Used as Consideration; Deposit Provision Still Subject to GST.

August 28, 2019

Case Laws     GST     AAR

Supply or not - Refundable Interest Free Deposit (assume ₹ 2500) - the amount of ₹ 2500/- will not attract the GST being the deposit unless the supplier applies such deposit as consideration, however the monetary value of the act of providing this deposit of ₹ 2500/- will attract GST

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