Sirr/Madam,
Please clearify whethere GST would be applicable on refundable security deposited for club membership fee in constrction compnay if we are considering is as liabilities
Regards
Vivek Mishra.
2 Replies
harleen batra
(chartered accountant)
(126 Points)
Replied 25 April 2018
Refundable Deposits as such are not liable to GST unless the supplier applies such deposit as consideration of said supply.
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 25 April 2018
If deposit is refundable then not consider as Supply. So, GST not applicable for the Deposit.
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