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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?

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3 Replies

g mahesh Mundra (Business and tax consultant) (3293 Points)
Replied 22 May 2018

no need to show

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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?