https://www.taxtmi.com/forum/issue?id=113665 A deposit received for lease is not taxable unless the supplier appropriates the deposit as consideration for the supply; renting immovable property is a service and lease rentals are taxable. Related-party leases may be subject to open market valuation rules, creating valuation risk where contract rents or large refundable deposits differ from market norms. Registration depends on taxable turnover exceeding the statutory threshold; refundable deposits not applied as consideration do not constitute taxable turnover. en-us Mon, 23 Apr 2018 15:09:15 +0530 Thu, 23 Jan 2025 15:55:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=113665 A deposit received for lease is not taxable unless the supplier appropriates the deposit as consideration for the supply; renting immovable property is a service and lease rentals are taxable. Related-party leases may be subject to open market valuation rules, creating valuation risk where contract rents or large refundable deposits differ from market norms. Registration depends on taxable turnover exceeding the statutory threshold; refundable deposits not applied as consideration do not constitute taxable turnover. Discussion-Forum GST Mon, 23 Apr 2018 15:09:15 +0530 https://www.taxtmi.com/forum/issue?id=113665