Service tax

I think Service tax is not levied on security deposit  as the amount is in taken only to secure the transaction. and finally  at the time of settlement the security deposit is either refunded or adjusted against outstanding balance... 

so NO SERVICE TAX on SEcurity deposit

 Hi Mait.. Generally there is no Service Tax on security deposit.

But if you adjust the security deposit with the actual consideration to be receivable, then the same will be liable to service tax.

Thanks..