A made a lease agreement to B OF FOR MINING ACTIVITIES FOR 3 YEARS. A RECEIVED NON REFUNDABLE SECUTRITY DEPOSIT RS 10LAC FROM B.
HERE NON REFUNDABLE SECUTRITY DEPOSIT IS TAXABLE UNDER GST?
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Taxable or Non Taxable
Replies (2)
No it is not taxable under gst
If it is going to be returned in near future with out adjustment then not taxable
otherwise non refundable security deposit are taxable under GST
otherwise non refundable security deposit are taxable under GST
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