Go Ad-Free on CAclubindia with Daily Mobile Updates. Subscribe Now!

Is deposit subject to GST?

22 May 2018

Hi,

I want to know that I have given some deposit against good and the same amount is fully refundable.

So the said amount is not taxable in GST but while filing 3B or GSTR 1 thay time I have to show anywhere the same amount?

Reply
Follow
Share

3 Replies

g mahesh Mundra (Business and tax consultant) (3296 Points)
Replied 22 May 2018

no need to show

Upgrade to CAclubindia Pro. Subscribe Now!

Vinod Babu (24191 Points)
Replied 23 May 2018

No need to show in 3B.

Ravi SADhiyan (Practice) (4510 Points)
Replied 23 May 2018

Originally posted by : sarthak bhargava
	Hi,I want to know that I have given some deposit against good and the same amount is fully refundable.So the said amount is not taxable in GST but while filing 3B or GSTR 1 thay time I have to show anywhere the same amount?