https://www.taxtmi.com/forum/issue?id=117918 Security deposits provided as bank guarantees are refundable and do not constitute consideration under GST; they are not taxable unless the supplier applies the deposit as consideration for the supply. The factual nature of the deposit, its refundability, and any appropriation by the supplier determine whether GST liability arises. en-us Tue, 19 Apr 2022 05:57:19 +0530 Thu, 23 Jan 2025 15:54:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=117918 Security deposits provided as bank guarantees are refundable and do not constitute consideration under GST; they are not taxable unless the supplier applies the deposit as consideration for the supply. The factual nature of the deposit, its refundability, and any appropriation by the supplier determine whether GST liability arises. Discussion-Forum GST Tue, 19 Apr 2022 05:57:19 +0530 https://www.taxtmi.com/forum/issue?id=117918