Gst on transfer of company owned car to employee

Durba Roy (3 Points)

22 April 2024  

IS Gst is applicable in case if transfer of company owned leased car to employees? If yes , at what rates ,if no -why?

Case : An employee availing company owned leased car . After 2 years , employee wants to buyback the car at fair value. Leased rentals collected every month from him but it is not shown in the salary slip.It is part of the CTC.