GST on office rent security deposit

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

Arun Kumar Singh

Arun Kumar Singh (Expert)
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28 April 2023 GST will not be applicable on security deposit for rent.

CA Sanat Pyne

CA Sanat Pyne (Expert)
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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.

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