GST on office rent security deposit

Save Share

This query is : Resolved

Quick Summary

When paying a security deposit for office rent, you generally do not need to pay GST on the deposit amount itself. This is because security deposits are not considered a supply or consideration for a service. Therefore, GST is not applicable to these payments.

Vikrant Singh Deo

Vikrant Singh Deo (Querist)
Follow

27 April 2023 suppose we are paying the security deposit for office rent so in that case the gst will also be paid with the security amount or not ?

Manish

Manish (Expert)
Follow

27 April 2023 No, there is no GST on deposits. It's not a supply.

Arun Kumar Singh

Arun Kumar Singh (Expert)
Follow

28 April 2023 GST will not be applicable on security deposit for rent.

CA Sanat Pyne

CA Sanat Pyne (Expert)
Follow

29 April 2023 Security deposits collected by landlords or property owners at the time of renting out the property are not considered as consideration for a supply, and hence, are not liable to GST.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!