Company-Leased Car provided to Employees not ‘Perquisite’, liable to GST: AAAR

The AAAR ruled that company-leased cars provided to employees do not constitute a perquisite liable to GST. This decision addressed whether the supply of leased cars could be considered a taxable perquisite under the GST regime. The AAAR held that since the cars were provided under a lease agreement between the company and the leasing entity, the transaction falls outside the ambit of perquisites, offering clarity on how GST applies to company benefits provided to employees.