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?
2 Replies
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 19 January 2021
No it is not taxable under gst
ayusmita
(Tax consultant)
(5885 Points)
Replied 19 January 2021
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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