Home Forum Goods and Services Tax - GST Month 9 2022 2022 (9) This
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GST on used car by compay - Goods and Services Tax - GSTExtract Dear Sir, We are manufacturer and launch scheme for employee. We provide car to employee for company and personal use under agreement/ scheme of 4 years. Under scheme the employee pay 52% and we employer pay 48% of EMI. We don't claim of ITC but ,book the cars in our account and claim the depreciation under income tax act. After complication of 4 year we transfer the car to employee. Now the question is that any GST is applicable on it after 4 year at the transfer of car to employee ?.
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