GST in case of leasing of Electronic Vehicles (Cars), Goods and Services Tax - GST

[Rajat Maheshwari]

Hi

My client is engaged in leasing of EV's (Cars) without operator. We are using SAC code 9973 for the same. Under 9973, GST rate is the "same rate of CGST/SGST as on supply of likewise goods in case of transfer of title".

Queries:

1. Can we use 9973 sac code for the above transaction ?

2. If we can use 9973, can we charge 5% GST rate on the leasing transaction as it is the rate in case of sale of EV ?

Posts / Replies

[Shilpi Jain]

Leasing of vehicles will be covered under HSN 9973 and would be liable at the rate applicable for the vehicle that is leased.