Faiveley transport rail Technologies India Pvt. Ltd.
GST AAARAAAR/08/2024
Case summary
From the record, as published by the registry
Recorded against
The Ruling Pronounced by the AAR in Advance Ruling No. 125 /AAR / 2023 dated 20.12.2023 stands modified to the extent that only the actual value in monetary terms extended to the employee concerned in the course of or in relation to employment, qualifies as a 'perquisite', and it squarely falls within the ambit of entry No.1 of Schedule III of the CGST/TNGST Acts, 2017. Whereas, the car lease amount recovered in actual terms by the appellant-company while extending the facility of car to its employees, cannot be considered as a 'perquisite'
Filed asAppellate Ruling2024