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GST on amount deducted while refunding fees to students due to cancellation of admission, Service Tax |
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GST on amount deducted while refunding fees to students due to cancellation of admission |
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Hi, suppose a particular students admission is cancelled, student is paid back his fees after deducting some % of amount. is GST applicable on this deducted amount.??? Posts / Replies Showing Replies 1 to 3 of 3 Records Page: 1
What is the reason for the deduction? I mean why is some portion of money retained?
I have observed that it is a practice in some schools and colleges. This is deducted as processing/scrutiny of the admission forms. It is covered under Schedule-II (5)(e) of CGST Act and GST is applicable.
Dear querist, need more inputs. What is the reason for retaining such amount? Page: 1 |
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