Company-Leased Car provided to Employees not ‘Perquisite’, liable to GST: AAAR [Read Order]

The GST Exemption was sought for by the Applicant on the basis of Entry 1 of Schedule III of the CGST Act, 2017
AAAR Tamil Nadu - GST - GST on Leased Car - TAXSCAN

The Tamilnadu State Appellate Authority for Advance Ruling ( AAAR ) held in a recent ruling that amount recovered by an Employer from their Employee in lieu of Equated Monthly Installment ( EMI ) for car-lease facility provided by the Company is not a ‘perquisite’, and is liable to Goods and Services Tax ( GST…

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