The new tax rate under GST has negative impact on existing car Lease transactions. Under GST, the VAT for existing car lease owners has been increased from 13.5% - 14.5% to 43% GST which is a huge burden on middle class people like me who pay taxes holistically. The excise duty was already paid at the time of purchase and there is no way it could be claimed back the amount in the GST model.
The result is an additional burden of close to 30% to the existing car lease users and this would be break all of us without doing any mistake of ours.
For the past two months, we have been anxiously waiting for our concern to be heard by the Finance Ministry and the GST Council. We looked at the GST Council meetings with hope. Posted in multiple forums and addressed thousands of tweets to those who have the power to make a change , but they did not bother to listen it.
What are the possible steps that we can take in order to get some one hear our voice.