| Re: ARTICLE: Lease OR Loan? Which EMI is better for you
Quote:
Originally Posted by sumosari  Looking for below information.
As GST is calculated every month on base price as part of the Lease EMI and also at the end of lease when one owining the car there will be GST levied on the Residual value.
What if the GST rates change during the lease term. As an example if I take a EV under lease for 3 years for which current GST is at 5% and the same is applied every month as part of my Lease EMI. Suppose if the GST rate changes to 10% on EV's after an then what will the lease EMI increases due to increase in GST? What GST rate will be applicable for Residual value when owning th car at the lease end.
Same question but when GST reduces, like an example if GST rates reduced to Hybrids then what will be impacts? |
Anyone has undergone this situation? | 
31st March 2024, 08:00
