GST Not Applicable on Refundable Deposits Unless Used as Consideration; Deposit Provision Still Subject to GST.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Supply or not - Refundable Interest Free Deposit (assume ₹ 2500) - the amount of ₹ 2500/- will not attract the GST being the deposit unless the supplier applies such deposit as consideration, however the monetary value of the act of providing this deposit of ₹ 2500/- will attract GST....