I bought the car under lease plan on 2016 which is registered under SEZ zone, where the GST is not applied for EMI's now for the Residual Value (RV) of 25% (which is 1,15,000) for Wagnor car, the car lease team is asking to pay GST for 28% of around 35000 (including cess).
My query, Is GST applicable for RV which is under the SEZ zone as well what is the GST % (is it 28%)?
09 September 2021
Thanks for your reply sir, one clarification, i bought new car wagnor on 2016 before GST was there, but the car is registered under the SEZ zone, now the car lease company is charging 28+1 % (GST + CESS) for the RV value which is 25% is 1,15,545. I am hoping your ansser is holds good for this query also.
CAclubindia
