GST Applicable or not

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15 Points Posted on 23 September 2020
Dear Sir,

Whether GST is applicable on bank guarantee tte encashment or not.
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On 23 September 2020 at 14:38 Report
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Quick Summary
This discussion clarifies whether Goods and Services Tax (GST) is applicable on the encashment of a bank guarantee. The consensus is that GST is not applicable on the encashment itself, although it may apply to charges deducted when the guarantee was initially set up. The thread also provides advice on how to re-apply for a GST number if yours has been cancelled.

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2 Points Posted on 23 September 2020
My GST no. Cacelled pl.guide how start gst no. again
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On 23 September 2020 at 15:58
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Chartered Accountant
47 Points Posted on 23 September 2020
You can apply for fresh registration through GST Portal..
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On 23 September 2020 at 16:25
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Manager-Accounts & GST Consultant
5124 Points Posted on 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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On 23 September 2020 at 17:14

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