GST on captive use of motor vehicle | Ambiguous for auto industry
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- Last Updated on 17 May, 2022
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Krishan Arora, Sachin Sharma & Shilpa Verma – [2022] 138 taxmann.com 225 (Article)
Indian automotive sector is one of the core sectors embodying the spirit of Atmanirbhar Bharat. It is a significant driver of macroeconomic growth and technological development contributing around 15 percent of overall GST collection.
This sector has been experiencing hardships for over a long period, on account of liquidity crisis, economic slowdown, rising input cost, COVID outbreak, etc. In this article, the authors attempt to dissect the issues revolving around captive usage of motor vehicles by the auto companies and examine GST implications or ambivalence on such transactions.
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