Tag: gst on certain services

AAARGST Article

GST applicable on Car facility extended to employees when the amount of car lease incurred by the company is recovered from employees

byCA Bimal Jain

The AAAR, Tamil Nadu in the case of M/s Faiveley Transport Rail Technologies India (P.) Ltd., 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 the CGST Act.