Deposit from foreign Service Receipent

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24 Points Posted on 23 April 2021
Can we take Security Deposit against the Export Service from Service Receipent and same is required to show in GST Return which is Refundable after completion of Service Contract
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On 23 April 2021 at 10:38 Report
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This discussion clarifies the GST implications of security deposits received from foreign service recipients. If a security deposit is refundable and not applied to the service's value, it generally doesn't need to be declared on your GST return.

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309 Points Posted on 23 April 2021
No, if the security deposit is refundable and will not be adjusted against the value of supply, then not required to be shown in gst return
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On 23 April 2021 at 10:50
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24 Points Posted on 23 April 2021
Thanks
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On 23 April 2021 at 10:56

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