GST Rate @ 65% of Normal Rate
Normally on Leasing of Cars,GST is applicable as follows
| Normal Car | Normal Car | SUV CAR | ||
| AMT | ||||
| CGST | ||||
| SGST | ||||
| CESS | ||||
However Government has reduced GST Rate in certain cases
Car purchased before 1 july 2017
No Input of Vat or Excise was taken
Lease Agreement was started before 1 july 2017
In this case,GST will be charged as follows
| Normal Car | Normal Car | SUV CAR | ||
| AMT | ||||
| CGST | ||||
| SGST | ||||
| CESS | ||||
