Solved Queries

Ques: 934: GST Rate on purchase of Residential flat in multistoried apartment from registered Builder

Ans: It is 5% if it’s not an affordable housing. Else 1%

Ques: 933: My client (a Private Limited Company) is a rent a cab (EV Cars) service provider who opted 5% GST with limited ITC.
He has taken EV cars on lease from third party and hire drive on contract.
He also uses the EV charging station service.

My Query is:
1) What would be the gst rate on lease/hire/rent on EV cars (only car)
2) Whether he would get ITC credit of GST paid on lease/hire/rent of EV
car
3) Whether he would get ITC credit of GST paid on EV charging

Ans: GST rate for leasing an electronic vehicle (EV) without operator is the same as the rate applicable for the sale of electronic cars, which is 5%. Furthermore, ITC will not be available to rent a cab service provider when taking cars on lease rent. This was clarified through a circular no. 206/18/2023 dated 31st October, 2023 that leasing of motor vehicles without operator does not fall under the same line of business. Additionally, ITC will also not be available for EV charging services.

Ques:932: 1) What is GST implication on Online Gaming Company like Dream 11.
2) How it is calculated, on which value and what is the GST rate.
3) Whether Input credit is available.

Ans: It’s depend on the facts of the case rather in general. Though principally when there is skill of game then taxability is not there as compare to game of chance. Better one should share facts to consultant to analyse deeply based on facts

Caution: The above opinion is framed based on the limited information available and merely a personal opinion. We will not be responsible for any damage or loss in whatever manner consequent to any action taken on the basis of any content of this opinion. We suggest you take a detailed opinion for better clarity based on extensive information and research thereof.

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