GST applicable on Car facility extended to employees when the amount of car lease incurred by the company is recovered from employees
Last updated: 26 October 2024
Court :
AAAR, Tamil Nadu
Brief :
The AAAR, Tamil Nadu in the case of M/s Faiveley Transport Rail Technologies India (P.) Ltd., In Re [A.R. Appeal No. 03/2024 AAAR dated July 10, 2024] upheld the ruling passed by AAR Tamil Nadu wherein it was ruled that GST would be applicable on Car facility extended to employees when the amount of car lease incurred by the company is recovered from employees as the said transaction would not be covered under Entry 1 of Schedule III of Central Goods and Services Tax Act ("the CGST Act").
Citation :
A.R. Appeal No. 03/2024 AAAR dated July 10, 2024
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Bimal Jain
Published in GST
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