https://www.taxtmi.com/forum/issue?id=115304 GST is payable when an employer-facilitated leased vehicle is purchased on separation; for new vehicles the discussion cites a 28% GST rate plus a cess leading to a combined charge referenced as 29.25%. For used business assets on which depreciation was claimed, the taxable value is explained as the positive difference between the written down (depreciated) value and the actual sale price, with GST applied on that difference at the notified rates for used vehicles (noted as 18% or 12% in the discussion). en-us Sat, 10 Aug 2019 11:42:38 +0530 Thu, 23 Jan 2025 15:55:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=115304 GST is payable when an employer-facilitated leased vehicle is purchased on separation; for new vehicles the discussion cites a 28% GST rate plus a cess leading to a combined charge referenced as 29.25%. For used business assets on which depreciation was claimed, the taxable value is explained as the positive difference between the written down (depreciated) value and the actual sale price, with GST applied on that difference at the notified rates for used vehicles (noted as 18% or 12% in the discussion). Discussion-Forum GST Sat, 10 Aug 2019 11:42:38 +0530 https://www.taxtmi.com/forum/issue?id=115304