Security deposit

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Sachin sharma (Querist)
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25 January 2012 while taking registration under cst and vat is there any security deposit that has to be deposited. if yes when it is refunded and wheather with any interest?
also wheather any security deposit is to be deposited for registration under excise and service tax and if no when the security deposit is particularly required.

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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25 January 2012 Security deposit will be base on your turnover declaring in your application. this will be initially for some year decided by LVO after that based on requirement by the department. it is need to be taken bank then bank interest will be applicable

Sachin sharma

Sachin sharma (Querist)
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28 January 2012 any specific reason why it is required, and is it required only for vat or for cst, excise, service tax also.

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