https://www.taxtmi.com/forum/issue?id=110909 The key issues are (i) whether fully refundable working capital deposits and refundable/partially or non refundable asset deposits taken by a franchisor are subject to VAT or CST as consideration for supply or are excluded as refundable security deposits, and (ii) the proper timing and manner of recognising income where asset deposits become non refundable - whether immediately on conversion, apportioned over the asset's depreciation period, or on expiry - with factual contract terms determinative. en-us Wed, 14 Sep 2016 15:26:42 +0530 Thu, 23 Jan 2025 15:56:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=110909 The key issues are (i) whether fully refundable working capital deposits and refundable/partially or non refundable asset deposits taken by a franchisor are subject to VAT or CST as consideration for supply or are excluded as refundable security deposits, and (ii) the proper timing and manner of recognising income where asset deposits become non refundable - whether immediately on conversion, apportioned over the asset's depreciation period, or on expiry - with factual contract terms determinative. Discussion-Forum VAT / Sales Tax Wed, 14 Sep 2016 15:26:42 +0530 https://www.taxtmi.com/forum/issue?id=110909