https://www.taxtmi.com/article/detailed?id=9531 Applicability of GST to notional interest on refundable security deposits depends on whether the deposit or notional interest operates as consideration under Section 15. A refundable deposit returned in full is not consideration, but any portion retained and applied as compensation becomes part of the taxable value. Inclusion of notional interest requires a factual nexus showing the deposit influenced the contract price, so valuation is determined case by case by examining contract terms and whether the deposit reduced periodic charges. en-us Sat, 31 Oct 2020 06:56:46 +0530 Sat, 31 Oct 2020 06:56:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=9531 Applicability of GST to notional interest on refundable security deposits depends on whether the deposit or notional interest operates as consideration under Section 15. A refundable deposit returned in full is not consideration, but any portion retained and applied as compensation becomes part of the taxable value. Inclusion of notional interest requires a factual nexus showing the deposit influenced the contract price, so valuation is determined case by case by examining contract terms and whether the deposit reduced periodic charges. Articles Goods and Services Tax - GST Sat, 31 Oct 2020 06:56:46 +0530 https://www.taxtmi.com/article/detailed?id=9531