Bank locker
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
12 April 2018
im a non banking sector have provide locker services and paid gst at 18% for locker rent received , but some people made a locker deposit for whom rent not collected as well as no interest given to the deposit holder. can i liable to pay gst for locker deposit????
Nikhil Kaushik
(Expert)
12 April 2018
if the deposit is refundable in nature, then GST wont apply at the time of receipt of deposit.
KAVIRAJA ADDANGADI
(Expert)
12 April 2018
GST applicable only on Service not on deposit.
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