A made a lease agreement to B OF FOR MINING ACTIVITIES FOR 3 YEARS. A RECEIVED NON REFUNDABLE SECUTRITY DEPOSIT RS 10LAC FROM B.
HERE NON REFUNDABLE SECUTRITY DEPOSIT IS TAXABLE UNDER GST?
Menu
Taxable or Non Taxable
Replies (2)
Quick Summary
No it is not taxable under gst
If it is going to be returned in near future with out adjustment then not taxable
otherwise non refundable security deposit are taxable under GST
otherwise non refundable security deposit are taxable under GST
Recent Topics :
- How do you collect documents from clients for ITR
- GST ITC on Construction/ Tenant Specific Renovatio
- GST Treatment and Reporting of Share & Mutual
- AGM Defective Notice
- IMS Rejection of Sales and Sales return
- Taxation of Gift - Father to Daughter
- TDS on Property Purchased above 50lakh
- Accounting Treatment in Tally for Restaurant Sales
- Form 146 required
- Rule 86(B) Applicability
Related Topics :
CAclubindia
