Franchisee fee
This query is : Resolved
06 August 2018
Dear All,
Please tell me if a franchise fee is being collected by a proprietor for using brand name and such fees is inclusive of Refundable(collected once) and Non Refundable(collected once) amount what will be the GST impact on these amounts? what is the GST rate to be charged?
Please tell me if a franchise fee is being collected by a proprietor for using brand name and such fees is inclusive of Refundable(collected once) and Non Refundable(collected once) amount what will be the GST impact on these amounts? what is the GST rate to be charged?
07 August 2018
Refundable amount in the nature of security deposit is not consideration and GST is not applicable.
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