Company car lease
This query is : Resolved
Rajkumar N
(Querist)
05 December 2022
Hi,
I planned to go for company car lease from Orix, orix given me the split in which i have to pay the RV after 4 yrs and GST for the entire RV amount as 43%. Though the car will be in my name with hypothecation to Orix, why GST is been charged as there is no ownership transfer. what is the proof that these GST amounts are properly been paid from orix side to the government.
Regards
Raj
I planned to go for company car lease from Orix, orix given me the split in which i have to pay the RV after 4 yrs and GST for the entire RV amount as 43%. Though the car will be in my name with hypothecation to Orix, why GST is been charged as there is no ownership transfer. what is the proof that these GST amounts are properly been paid from orix side to the government.
Regards
Raj
Dhirajlal Rambhia
(Expert)
06 December 2022
The GST is levied on the rental service, & company has to pay GST to treasury for the output service.
You can get confirmation from the company.
You can get confirmation from the company.
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