Poonawalla fincorps
Poonawalla fincorps

Disclosure of receipt of deposit in gstr

This query is : Open 
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(Querist)
11 October 2017 Sir,

Kindly answer to the below query,

Whether the Deposit collected by Builders need to be shown in GSTR-1?
(Here the deposit means, Corpus Fund, One Year Maintenance Deposit etc.)

Thank you
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CA Rashmi Gandhi

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CA Rashmi Gandhi (Expert)
11 October 2017 No need to show it in GSTR
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Udaya Chandran

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Udaya Chandran (Expert)
12 October 2017 If it is refundable, no need to show it in GST returns.
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RAJA P M

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RAJA P M (Expert)
12 October 2017 I think., this is less in maintenance charges... If my think is correct then it ll be treat as Advance... Treated as advance then it ll be reported in returns.... Confirmation required from Mr SIJU VARGHESE...!
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CA Rashmi Gandhi

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CA Rashmi Gandhi (Expert)
12 October 2017 No need to show it in GST Returns.

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