My employer has Automobile lease coverage. Since we do not have workplace in Hyderabad the Car was bought, Invoiced and registered on my name. There’s lease agreement between TATA capital and myself for this automotive. There’s compulsory buyback of Automotive with Residual Worth of 15% after completion of 4 years. After four years do I have to pay GST on Residual worth of 15% of the Automotive. I imagine the GST shouldn’t be charged since the automotive is registered in my name and as per the Definition of GST supply the automotive would not fall under provide for the reason that title is on my identify. Tata capital is charging GST on 15% of residual worth which seems to be double taxation to me. If the Automobile was in TATA identify then it’s legitimate provide. GST experts advise is appreciated.

Although Georgia’s Lemon Law pertains primarily to new motor automobiles, a portion of the legislation does cover the necessities for the transfer of a reacquired automobile. In Georgia, a manufacturer’s «buyback», or «reacquired vehicle» is outlined as any new car with an alleged nonconformity (defect) that has been replaced or repurchased (bought again) by the producer as the results of a courtroom order, arbitration decision, voluntary settlement entered into between the producer and the buyer, or a voluntary settlement between the brand new motorized vehicle vendor site (www.infpol.ru) and a shopper in which the manufacturer instantly or indirectly participated.

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The state lemon law requires manufacturers to restore a car if the defect is covered beneath warranty, and the car is inside the guarantee interval. Even if the guarantee interval has expired, the manufacturer should restore the vehicle if the problem was reported within two years of the original delivery date.