Check sibling questions

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        
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Davneet Singh

Davneet Singh is a graduate from Indian Institute of Technology, Kanpur. He has been teaching from the past 12 years. He provides courses for Maths and Science at Teachoo.