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GST On Leased Vehicles: Know The Tax Rates

GST On Leased Vehicles: Know The Tax Rates

Tuesday, October 17, 2017, 5:07 PM

Leasing of vehicles purchased prior to July 1 will attract a tax equivalent to 65% of the current applicable GST rate for a period of 3 years, the government said. The GST Council, comprising Union Finance Minister Arun Jaitley and state finance ministers, in its last meeting on October 6 had decided to levy concessional rate for the leased vehicle.
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