01 November 2017
Dear Sir, Am working in a private company. we have received a bill from the vendor against the BMW car supplied on monthly lease rental basis. This BMW car is for company Managing director. He charged CGST 9.1%, SGST 9.1 % and cess of 13%. on the lease rental value. Is the above rates of gst and cess is correct ? Can you share the soft copy of rates pls.
01 November 2017
It seems the lessor is charging incorrect cess, 35% abatement on cess is available against cess @ 15%. Cess should be 9.75% Please see the given links http://www.cbec.gov.in/resources//htdocs-cbec/gst/notification07-compensation-cess-rate.pdf
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