GST to make vehicle lease costlier

GST will make vehicle lease costlier. E.g. Honda city leased for 48 months from 1st July 2016 to cost 7k more. Current rent is INR 28,125 per month (lease rent – 25k + VAT@12.5 % 3125). Now this would cost INR 35,750 (GST@43%).

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