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GST - Highlights / Catch Notes

Home Highlights April 2019 Year 2019 This

Levy of GST - interest free security deposit - Since the entire ...


GST Exemption: Interest-Free Security Deposits Not Taxable as They're Fully Refundable and Not Considered Service Payment.

April 13, 2019

Case Laws     GST     AAR

Levy of GST - interest free security deposit - Since the entire amount is to be returned back to their lessee, such deposits cannot be considered as consideration for such supply of services as mentioned by them and hence will not be liable to tax.

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