https://www.taxtmi.com/article/detailed?id=13078 GST is payable where an employer provides a car facility but recovers lease costs from employees because Entry 1 of Schedule III applies only to perquisites that (a) qualify as a perquisite and (b) are provided under the employment contract as a monetary benefit to the employee. Mere provision of a facility without an actual monetary benefit to the employee does not meet these criteria; accordingly the AAAR upheld the AAR finding that GST is leviable on the car lease recovery arrangement. en-us Tue, 05 Nov 2024 12:52:12 +0530 Tue, 05 Nov 2024 12:52:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=13078 GST is payable where an employer provides a car facility but recovers lease costs from employees because Entry 1 of Schedule III applies only to perquisites that (a) qualify as a perquisite and (b) are provided under the employment contract as a monetary benefit to the employee. Mere provision of a facility without an actual monetary benefit to the employee does not meet these criteria; accordingly the AAAR upheld the AAR finding that GST is leviable on the car lease recovery arrangement. Articles Goods and Services Tax - GST Tue, 05 Nov 2024 12:52:12 +0530 https://www.taxtmi.com/article/detailed?id=13078