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GST applicability on heavy deposit in replacement of Rent

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152 Points Posted on 29 December 2018
If flat given on heavy deposit, whether GST is to be calculated on deemed rent? if it is related party and if it is not related party. flat used for office
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On 29 December 2018 at 14:44 Report
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Self Employed and Agriculture
1349 Points Posted on 29 December 2018

if amount is adjust against rentals from deposit amount in future then GST will be applicable

hence not required to charge GST

4 Reply
On 29 December 2018 at 14:47
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GST Practitioner
55067 Points Posted on 29 December 2018
If its security deposit then No GST.
301 Reply
On 29 December 2018 at 14:50
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152 Points Posted on 29 December 2018
no heavy deposit is refundable, no adjustments. whether section 15 of CGST come into pay since transaction money is sole consideration.
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On 29 December 2018 at 14:53


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