Regarding GST on Orix Lease Car

701 views 1 replies
If in case, a car dealer is A and a
company is B, B company's employee is C. my question is Kia car is been purchased from A, Now A has raised a invoice in the name of C GST is 28% cess 22% intotal 50%. ORIX is collecting GST from B. query is now X showroom price GST Road tax mentioned in the Invoices recoverable and Interest Income. now can we collect only 18% of the GST on Interest amount please clarify this.
1:-In the hands of employee which could be better option owing or leasing the car???
Replies (1)
Yes you have to collect 18% gst on interest,

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 30 June 2026
2 posts Article assistant and Articleship completed students

Chirag N Shah & Associates

Mumbai

CA Inter

View Details
Company
22 June 2026
Accountant

Global Image Technologies Private Limited

New Delhi

MBA

View Details
Company
ARTICLESHIP 27 June 2026
CA Articled Trainee And Paid Assistant

SKAA & Associates

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 24 June 2026
ARTICLE ASSISTANT

BHUPINDER SHAH AND COMPANY

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 08 July 2026
Articles

AJAY SINGH AND CO LLP

Thane

CA Final

View Details
Company
05 July 2026
Financial Controller

NovumLake Partners

Mumbai

CA

View Details
Company
29 June 2026
Accountant (Finance & Compliance)

TRIEYEZ

Kolkata

CA

View Details
Company
ARTICLESHIP 28 June 2026
Article Assistant

Sharma Chetan And Company

Gurgaon

CA Inter

View Details