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GST on non refundable security deposit

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(Querist)
09 January 2020 My Company had received non refundable security deposit from clients which will be forfeited and recognized as income. Can anyone guide, whether GST will be applicable on such non refundable security deposit, which will form part of consideration.

If yes what will be the applicable GST rate?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
09 January 2020 Yes, as per the rate applicable for service /goods for which security deposit received.
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