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GST on Residual Value in Company Car Lease

This query is : Resolved 


I took a car on lease through my company. Service provider is ORIX.
The residual value is quoted at 21% of Ex-showroom price(which already has 29%) GST.
After the tenure, ORIX asks to pay RV + 29% GST again.
Is this double taxation?

No. As such there is change of ownership from Orix to you.
So, GST is liable in this 'Supply"

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