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GST - Highlights / Catch Notes

Home Highlights June 2019 Year 2019 This

Levy of GST - Security deposit left unclaimed by the suppliers ...


GST on Unclaimed Security Deposits Recognized as Income After Three Years: Analysis of Tax Implications.

June 26, 2019

Case Laws     GST     AAR

Levy of GST - Security deposit left unclaimed by the suppliers and recognised as income after 3 years - amount received prior to GST regime - Security Deposits which in normal course are refundable as such, are not liable to tax under the GST regime.

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