Dear Sir,
Whether GST is applicable on bank guarantee tte encashment or not.
Swaminath Jaiswar (15 Points)
23 September 2020
Narendra Bhatt
(2 Points)
Replied 23 September 2020
Nagendra
(Chartered Accountant)
(47 Points)
Replied 23 September 2020
CA Saloni
(Manager-Accounts & GST Consultant)
(5124 Points)
Replied 23 September 2020
Dear swaminath ji GST applicable on charges deducted at the time when bank guarantee was made.
No GST on encashment. Further checkout your bank statement for bifurcation of amount.
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