we have accepted security deposit against contract taxable under gst

173 views 1 replies
we have accepted security deposit against contract taxable under gst
Replies (1)

it depends on the contract.  if the security deposit is refundable after the performace of the contract, then it is not consideration and only a securty hence not taxable under GST.  But if the security deposit is adjustable towards any payments in the persofrmance of contract, then such a deposti  on the date of such adjustment it will be attracting GST.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register