Gst on company car lease
Karthi (Consultant) (1 Points)
02 April 2017Karthi (Consultant) (1 Points)
02 April 2017
Rajesh Kumar
(Advocate- Tax)
(7806 Points)
Replied 02 April 2017
If the money paid for the car is part of your salary, you are required to pay Income Tax on that salary part. If it is not part of your salary, company is required to pay GST on the transaction. Off course, whatever GST is paid by the company, the company gets input credit and hence the company must not pass on tax burden to you. If the company is buying the car, GST paid on the car is not available as input credit and certainly this burden shall be passed on you.
Ajay Pundir
(2 Points)
Replied 01 July 2017
Yogesh Patil
(3 Points)
Replied 07 September 2017
Dear Sir/Madam,
I am working in an accounts department of a manufacturing company. I have one query about vehicle leasing or rent.
Our company is renting car for directors and employees use from unregistered dealer. Fuel of car paid by our company. So can your clarify that how many GST will be charges on car rent under reverse mechanism and can avail ITC on the same.
Please reply