Online Updated Classes for CA CS CMA Subjects for Nov 21/May 22 Exams. Enroll Now!! Call: 088803-20003

ICICI

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

GST on Residual Value in Company Car Lease

This query is : Resolved 

Hi,

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"



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


Similar Resolved Queries

loading





Trending Tags