https://www.taxtmi.com/caselaws?id=764126 The AAAR, Odisha ruled that leasing of electric vehicles without operator constitutes transfer of right to use goods, classifiable under heading 9971 (Financial and related services) rather than heading 9973. The authority examined the lease agreement terms showing the lessee assumes full responsibility for maintenance, insurance, legal documentation, and operational costs while obtaining effective control and physical possession of the e-bikes. Relying on Supreme Court precedent in Great Eastern Shipping case, the authority concluded that such transactions involve transfer of right to use goods where the lessor cannot assign or allow others to use the vehicles during the lease period. The applicable tax rate will be the same as for supply of like goods involving transfer of title. en-us Wed, 18 Dec 2024 00:00:00 +0530 Tue, 03 Jun 2025 14:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=764126 The AAAR, Odisha ruled that leasing of electric vehicles without operator constitutes transfer of right to use goods, classifiable under heading 9971 (Financial and related services) rather than heading 9973. The authority examined the lease agreement terms showing the lessee assumes full responsibility for maintenance, insurance, legal documentation, and operational costs while obtaining effective control and physical possession of the e-bikes. Relying on Supreme Court precedent in Great Eastern Shipping case, the authority concluded that such transactions involve transfer of right to use goods where the lessor cannot assign or allow others to use the vehicles during the lease period. The applicable tax rate will be the same as for supply of like goods involving transfer of title. Case-Laws GST Wed, 18 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=764126