L&T Finance Complaints & Reviews

I was issued a loan for a two wheeler in the year 2014 against which emi period started from 05.09.2014 (Rs. 2223/- for 24 months).
But due to some technical fault from your end emi could not be deducted from my account and against which i had to bear the pain of paying the emi in cash for 21 months consecutively starting from 05.09.2014 at your beck and call. However for the first 3 months emi was deducted from my account through cheque.

Now as the emi has been fully paid, i have applied for a noc to be issued against the closure of the loan.

But i am really surprised to hear from your office that i had to pay a penalty charge against the interest and cheque bounced charges for those 11 months which i had already paid in cash due to the technical fault from your end.

I now want a clarification from your end that why i have to pay the penalty due to no fault of mine.

Dear sir/mam

I sayed yasin ali musharraf ali from kalyan have purchased an bike of yamaha fz s in 2015 and cleared all the emi has past one year and called at customer care again an again but still not received noc. I am getting difficulty for cancellation of hp and want to resale my bike.

Therefore i request you to pls send noc my loan agreement no is 2547930 as soon as possible.

Kindly revert with your answer on my email i'd sayed. [protected]@gmail.com or contact.

Thanks and regards

Sayed yasin ali

I received a call from one o[censored]r customer care executive a girl.. She told me their a transaction problem so please deposit to nearby branch, i said ok she send me the address and contact no. Of person from that branch. But that person doesnt pick phone my, i was unaware of the address location so i called her back she saif wait i will call him then she will reply me then i didnt get any call from her side... After 1 day she called and talking in very rudely manner. And misbehaved.. Please give tranning to ur executive properly how to talk... She is a girl and i dont want to argue so i cut the phone.. Thats all. Thank you
Manhar singh rawat

Hi this is narsa reddy from nirmal .
I have nodded the auction on 30th October and won the auction for the price of 39600 for Mahindra 575 Boomiputhra registration no is TS01 UA 6753. So the problem is after winning the auction employee from L&T finance Recovery manager from Nizamabad Mr .Rajashekar has saying that the vehicle has been sold for some one for the price of 33000 auctioned on 31st October . May I know the reason behind this why you were allocated the vehicle for another person which is lesser than our price .. please kindly provide me the details ..

Thank you,
P. Narsa Reddy
[protected]

Your agent behaviours r so bad... My this month payment is due.. Therefore they call me up one time.. Then he call my refarence number... And he spoke to blender to my name... Then i call me up.. And he talk to me with slage language... His no is[protected] is name supari killer by true caller...
I want to resolve this matter as soon as possible... Because he did not use to slag language to talking me up

My name is ashish khandare, living in ulhasnagar
My mom paid the loan amount of dio bike
But company employee did not take any signature on payment book
And i also did not get any msg from company
So how should i confirm dat i have pais my loan amount
And l&t finanace not have any complaint box on their website
... Plzz take q quick action on it..

I have opted for the two-wheeler loan from l&t finance in the month of august 2017.

This is to inform that am getting calls from the l&t people and asking for the monthly payment even though i have opted for ecs and still i have amount in my account which is not debited from their end.

From their end am getting calls as if i have not paid the due and the persons who are calling they are talking in a bad manner and they are asking to make the payment in cash at l&t office.

To make payment through cash why should i opt for ecs?

I have called the l & t finance customer care on 3rd oct and the person who spoke with me have confirmed that ecs is activated and my due date is on 05th oct.

Again i called customer care 20/10/2017 that time another person with name wassim have said like there is no ecs activated and he has taken the complaint for the same.

Again today one more person has called and he is saying that how can we take the amount from your bank account? And is response is also not professional.

Sir,
We have taken a loan from your concern. Details are furnished below.

Vehicle no - kl-29-h-4355
Reg mobile no-[protected]
A/c no-[protected]

In the name of

Suresh kumar c k
Vandhana bhavanam
Karuvattumkuzhi
Kareelakulangara p o
Alapuzha dist., -690572

We haven't received any account statement from your side so far.

Kindly send us the physical as well as soft copy at the earliest.

Mail id is [protected]@gmail.com

Meanwhile we don't have any contact details of yours and the service is also ridiculous.

Kindly do the needful and oblige.

Thanks & rgrds

Sureshkumar c k,

[protected]

I am kathiresan from namakkal. I bought a auto loan no:kgb127049r[protected] from your concern. From the beginning itself your salem branch team did not respond my ecs process. Regarding that i went to salem branch many times in person. I received a mail on 10.9.2015 from k. Ganesh for the rejected reason only. After that i went to salem branch and i gave cheques for further instalments. But your officials never presented the due cheques in time regularly till date.in the mean time i closed my od account and i informed this matter to the branch not to present the cheque for due and i told them that i will pay the due amount by cash. They agreed for that but they still presented the cheque in the bank and got rejected. Thats the only cheque got return by bank for the above reason. You can check my track record from your side. After that i gave 12 cheque leaves to your officials and told them to present the cheque on the due date exactly but they didn't present the cheque properly in due date. When i asked them the reason for not presenting cheques in time, they replied that "all those cheques have been sent to head office not in our custody". Last three dues cheque have presented improper date by you only after my tele call to your customer care. Current month due also not cleared till date after my communication to your customercare, because of this type of transactions my cibil score getting affected very poorly, and i couldn't move any of my financial needs with other institutions. Kindly look into this matter very seriously and revert me at the earliest with exact clarification. I pleased to request you to present my remaining due cheques in time.

I have purchased access 125 on august 2017 taken loan for 12 months but in the showroom your l&t executive told me its advance emi but the in the welcome its showing 12 emi as per the discussion i made payment 1 emi to the dealer but in the welcome it has show 11 emi need clarity on this

Kindly look in to this provide details

Loan account no :-3363154

Vehicle purchased dealer : suzuki automation, south end circle, bangalore -560004

Vehicle no : ka05ke0015

I got two wheeler loan from l&t finance for buying passion xpro on july 2015. I have paid my installments correctly on all the months, but one or two months alone due to the company's system faults they didn't deduct the amount on time from my account. So they sent some representatives to collect the amount, that amount also i paid without any delay. But now they are saying that there is some pending penalty amount which i need to pay for my noc.
The penalty is for their mistakes which i need to pay, this is completely ridiculous and feeling very bad.

Dear sir,
Please send me the details of my 2 wheels loans agreement no. 2859742 that emi is 3929.00 so send me welcome leters or emi complet or remaining emi details.
May name is : anil r prajapati
Adds : 33 lavania society nr. Shivam gas agency chandlodia ahmedabad 382481. Contacts no. : [protected]
Email : [protected]@gmail.com
Pls contact urgently solve the problem.

I never applied for loan from the company family credit private limited, which is now merged with l&t finance. But in my cibil report there is a two wheeler loan from family credit. It is affecting my cibil score and my applications for loan and credit cards are getting rejected due to this. I contacted the company a month back and waited for them to resolve this dispute. But they are not taking any action.

Hi,

Please let me when it will be reflect as closed in the cibil report and when will i get the noc in my mail address.

I had raised the complaint initailly and they said it will be done soon but it is still not yet solved.

When i paid the remaining amount they said raise complaint it will done within 2 weeks of time but nothing happened and i have sent the cibil report attached where it is shown as opened.

Please try to resolve soon possible.
Mobile:[protected]
Mail id: [protected]@gmail.com

Thank you,
Santhosh singh

Dear team,

I take a ta from kanpur office a swaraj tractor dealer but not get my noc and other document till time, while talking to mr. Sudhir sharma he is asking me from bridge to close this ta and while talking his behavior is very rude and not very serious for this as we all know festival season is running and i have fund issue.

Please resolve my contact number is [protected]
Alwal tractor kaimganj farrukhabad

Sir my name is h. Satish kumar i am not taking loan in your company. But my cibil report i have taken loan in your company. By mistakeactually t. Satish kumar loan taken your company in coimbatore. Document no. 2752172 please solve my problem. So my cibil report is bad please rectify my problem as urely as possible
So sir this my complent please solve my problem

Dear team,

The below loan account number is appearing in my cibil report where i didn't taken or enquired the loan in l&t finance earlier in my whole life i don't know how this loan is reflecting in my cibil report.. Kindly check your records and help me in removing my name from cibil report.

Loan details.

L&t finance holdings limited autoloan 663863 dated : 31.08.2011

Thanks & regards,

J. Surendra goud

Ear sir/madam
My agreement no apc152050r[protected] priyanka b vehicle no ka 34n1936 we are ready to pay the emi due amount and close the account but your recovery manager is not supporting us, he is not ready to service the customer we asked our car keys after paying the said amount but he is saying that bellary l&t office is closed so we cannot give the key kindly do needful in this regard that manager name is lohit and also our total emi is pending 30000 but they are chrging 56000 only once cheque is bounce and your office is closed in bellary we feel in convience to pay the due amount now we are ready to pa rs 30000 and close the account please wave the charges

Your executive saying aaukat nahi hai to saikil leke ghumiye, executive name:dinesh barik and his phone no. Is [protected]. How you justify, tere baap se baat kar raha hain, bhai itni jaldi hai installment ki to personal kisi bande ko bhejdo, aise baat nahi chalega, i have recording as well. This kind of person you hired, miss behaving with customer, aaukat pe baat kar raha hain,

I am Deepak Mittal and I work for TATA COMMUNICATIONS . I availed the loan for Car lease under my company's scheme with L&T Finance being the Financer.

I took the vehicle in 2013, the vehicle was XUV 500 Mahindra & Mahindra

The lease was about to end in August 2017, however I got the message from Mr Elangovan from L&T Finance on 30th June, that since the GST would be applicable from Ist July 2017 and so, I should foreclose my car lease on 30th June itself. I was difficult, but I arranged the funds and foreclosed the leased.

the details are as below
[protected][protected][protected][protected]
AGREEMENT NO. LEA023066S[protected]
Debtors -
Future Rentals 54, 469.55
RV Amt 239, 700.00
Vat Rate 13.50
Vat On RV 32, 359.50
Total to be collected 326, 529.05
State Maharashtra
Name of The User Deepak Mittal
[protected][protected][protected]--------

Basis the above, I paid the amount on 30th June itself, , transaction amount are given below
a. Transaction Reference Number:[protected] . Amount : 200, 000 Rs
b. Transaction Reference Number:[protected] . Amount 126, 529.05 Rs

[protected][protected][protected]-----

After that I got the required papers to transfer the vehicle on my name

Having said that, the monthly EMIs for July and August 2017 were still deducted from my salary (Rs 54, 469.55 in total )and as I understand from my company, This would be refunded from L&T Finance .

Mr Elangovan from L&T Finance has confirmed the same, , and even asked my bank account details.Ms Ashwini Sharma and Mr Ajay Nagvekar from L&T Finance are also aware of this case

I have been following up with the above 3 people since last 2 months, for the refund of extra EMIs paid, , last response from Mr Elangovan came on 9th Aug, that I will get the refund soon, , However since then he is not responding to me, , even after my company has also inquired about it with him

Please help, , me in this case, This is painful exercise and I am not getting responses to my emails

My email address is deepak.[protected]@tatacommunications.com and mobile number is [protected]

regards
deepak mittal


[protected][protected][protected][protected][protected][protected]

Full mail trail for your reference

From: Pereira Benjamin
Sent: 31 August 2017 14:41
To: [protected]@ltfs.com
Cc: Deepak Mittal ; Geetha Dani
Subject: RE: GST implication on car lease - Mr. Deepak Mittal : Payment done for Rs 326, 529.05 as asked for foreclosure

Hi Elangovan;
What is the issue? Why it is so slow for doing the needful.

Benjamin Pereira
Human Resources
Tata Communications Ltd.
VSB, 11th Floor,
M.G.Road, Fort,
Mumbai-400 001.

[protected] Direct | [protected] Mobile | 522625 IP Phone
benjamin.[protected]@tatacommunications.com

Please contact AskHR by email to [protected]@tatacommunications.com or by phone 7777 or #7

From: Deepak Mittal
Sent: 31 August 2017 13:36
To: Pereira Benjamin ; Geetha Dani
Subject: FW: GST implication on car lease - Mr. Deepak Mittal : Payment done for Rs 326, 529.05 as asked for foreclosure

Hello Benjamin

For the month of July and August, , the EMI for the car was cut from my salary even when I foreclosed the loan, , I am following with Elangovan for the refund, , but not getting any response, , Its 2 months now, , Can you help me on this

From: Deepak Mittal
Sent: 31 August 2017 12:26
To: 'ELANGOVAN M.'
Cc: 'Ashwini Sharma' ; 'Nagvekar Ajay' ; Pereira Benjamin ; Geetha Dani
Subject: RE: GST implication on car lease - Mr. Deepak Mittal : Payment done for Rs 326, 529.05 as asked for foreclosure

Hello Elangovan

Request you to let me know the time, , by when the money would be returned back to me

From: Deepak Mittal
Sent: 24 August 2017 06:21
To: 'ELANGOVAN M.'
Cc: 'Ashwini Sharma' ; 'Nagvekar Ajay' ; Pereira Benjamin ; Geetha Dani
Subject: RE: GST implication on car lease - Mr. Deepak Mittal : Payment done for Rs 326, 529.05 as asked for foreclosure

Hello Elangovan

Request you to let me know the time, , by when the money would be returned back to me

From: Deepak Mittal
Sent: 22 August 2017 06:54
To: 'ELANGOVAN M.'
Cc: Ashwini Sharma ; Nagvekar Ajay ; Pereira Benjamin ; Geetha Dani
Subject: RE: GST implication on car lease - Mr. Deepak Mittal : Payment done for Rs 326, 529.05 as asked for foreclosure

Hello Elangovan

Have not heard from your side, Can you tell by when the money would be transferred to my account

Regards
Deepak

From: ELANGOVAN M. [mailto:[protected]@ltfs.com]
Sent: 09 August 2017 15:43
To: Deepak Mittal
Cc: Ashwini Sharma ; Nagvekar Ajay ; Pereira Benjamin ; Geetha Dani
Subject: RE: GST implication on car lease - Mr. Deepak Mittal : Payment done for Rs 326, 529.05 as asked for foreclosure

Dear Sir,

It is under Process, we will share with you the NEFT UTR NO. shortly.

Regards,
Elangovan M
D+[protected] | M +91 [protected]
From: Deepak Mittal [mailto:deepak.[protected]@tatacommunications.com]
Sent: Tuesday, August 08, 2017 3:54 PM
To: ELANGOVAN M.; Pereira Benjamin; Geetha Dani
Cc: Ashwini Sharma; Nagvekar Ajay
Subject: RE: GST implication on car lease - Mr. Deepak Mittal : Payment done for Rs 326, 529.05 as asked for foreclosure

Hi Elangovan

I got the papers today, , thanks for the support

Please let me know, why when can I expect the extra instalments paid by me back

Regards
Deepak


From: ELANGOVAN M. [mailto:[protected]@ltfs.com]
Sent: 04 August 2017 16:14
To: Pereira Benjamin ; Geetha Dani
Cc: Deepak Mittal ; Ashwini Sharma ; Nagvekar Ajay
Subject: RE: GST implication on car lease - Mr. Deepak Mittal : Payment done for Rs 326, 529.05 as asked for foreclosure

Dear Sir/Madam,

We are sending the following original closure documents through courier and scan copy attached for your reference.

 Tax Invoice,
 NOC to Bharti AXA General Insurance Company Limited.,
 NOC to RTO Pune, Maharashtra,
 RTO Form no 35.

Kindly acknowledge the same through email once received

Regards,
Elangovan M
D+[protected] | M +91 [protected]
From: Deepak Mittal [mailto:deepak.[protected]@tatacommunications.com]
Sent: Monday, July 31, 2017 3:06 PM
To: ELANGOVAN M.
Cc: Pereira Benjamin
Subject: RE: GST implication on car lease - Mr. Deepak Mittal : Payment done for Rs 326, 529.05 as asked for foreclosure

Hello Elangovan

Pls find the details as asked by you, , I don’t have the MICR code, , but have mentioned the IFSC code.

Please also let me know rough timeline on when the transfer process would be completed


Lease Bank Account And RTGS/NEFT Details for fund transfer
Beneficiary: Deepak Mittal
Bank HDFC BANK
Account No [protected]
Branch Location AHURA CENTRE, Ground Floor, Mahakali Caves Road, ANDHERI EAST, MUMBAI, 400093
Location AHURA CENTRE, Ground Floor, Mahakali Caves Road, ANDHERI EAST, MUMBAI, 400093
IFSC Code HDFC0000543
MICR Code
Account / Card Type Saving


From: ELANGOVAN M. [mailto:[protected]@ltfs.com]
Sent: 31 July 2017 14:44
To: Deepak Mittal
Cc: Pereira Benjamin
Subject: RE: GST implication on car lease - Mr. Deepak Mittal : Payment done for Rs 326, 529.05 as asked for foreclosure

Dear Mr. Deepak,

The July 2017 monthly rental yet to received from your payroll desk, once received, We will making refund.

Kindly provide your bank details.

Lease Bank Account And RTGS/NEFT Details for fund transfer
Beneficiary: Deepak Mittal
Bank HDFC BANK
Account No [protected]
Branch Location AHURA CENTRE, Ground Floor, Mahakali Caves Road, ANDHERI EAST, MUMBAI, 400093
Location AHURA CENTRE, Ground Floor, Mahakali Caves Road, ANDHERI EAST, MUMBAI, 400093
IFSC Code HDFC0000543
MICR Code
Account / Card Type Saving

Regards,
Elangovan M
D+[protected] | M +91 [protected]
From: Deepak Mittal [mailto:deepak.[protected]@tatacommunications.com]
Sent: Monday, July 31, 2017 2:01 PM
To: ELANGOVAN M.
Cc: Pereira Benjamin
Subject: RE: GST implication on car lease - Mr. Deepak Mittal : Payment done for Rs 326, 529.05 as asked for foreclosure


Hi Elangovan

Can you update me on the status of car transfer papers. Also I paid the full amount, , but in July salary the payment towards car is deducted, , would need clarity on how will I get that amount back

Regards
Deepak


From: Deepak Mittal
Sent: 26 July 2017 07:08
To: 'ELANGOVAN M.'
Cc: Pereira Benjamin
Subject: RE: GST implication on car lease - Mr. Deepak Mittal : Payment done for Rs 326, 529.05 as asked for foreclosure

Hi Elangovan

Just wanted to confirm if you have taken in consideration, the change I reflected

Regards
Deepak


From: Deepak Mittal
Sent: 24 July 2017 17:08
To: 'ELANGOVAN M.'
Cc: Pereira Benjamin
Subject: RE: GST implication on car lease - Mr. Deepak Mittal : Payment done for Rs 326, 529.05 as asked for foreclosure

Hi Elangovan

Would need little help, , I asked vehicle to be on my daughter’s name, , however she has left for Guwahati for her studies, , so wont be available for signing any document, so it might be better to get the vehicle on my name itself

I am sorry for the inconvenience and request you to incorporate this change

b. Name & complete address on whose favour Tax Invoice &/or No Dues Certificate is to be raised.

Name : Deepak Mittal (self)

Address : Challengers-3, Flat 1604, Thakur Village, Kandivali East, Mumbai, 400101

c. Name & Address of RTO Authority on whose favour Letter for Cancellation of Endorsement, is to be released.

Existing RTO office in which the vehicle is registered as of now is Pune RTO

New RTO would be

WING-C, New Link Cross Road, Anand Park, Dahisar West,
Mumbai, Maharashtra 400068

Regards
Deepak

From: ELANGOVAN M. [mailto:[protected]@ltfs.com]
Sent: 24 July 2017 10:14
To: Deepak Mittal
Cc: Pereira Benjamin
Subject: RE: GST implication on car lease - Mr. Deepak Mittal : Payment done for Rs 326, 529.05 as asked for foreclosure

Dear Sir,

It is under process, we will share with you the closure documents shortly.

Regards,
Elangovan. M
From: Deepak Mittal [mailto:deepak.[protected]@tatacommunications.com]
Sent: Saturday, July 22, 2017 8:12 AM
To: ELANGOVAN M.
Cc: Pereira Benjamin
Subject: RE: GST implication on car lease - Mr. Deepak Mittal : Payment done for Rs 326, 529.05 as asked for foreclosure

Hello Elangovan

Can you tell me the progress/status of the paper work.

Also, the car lease amount was as well deducted from my June salary, , would that be refunded back to me

Regards
Deepak


From: ELANGOVAN M. [mailto:[protected]@ltfs.com]
Sent: 06 July 2017 15:10
To: Deepak Mittal
Cc: Manish Sinha ; Sendhil Murugan M ; Pereira Benjamin
Subject: RE: GST implication on car lease - Mr. Deepak Mittal : Payment done for Rs 326, 529.05 as asked for foreclosure

Dear Sir,

Noted and we will share you the Closure documents after July 21, 2017

Regards,
Elangovan. M
From: Deepak Mittal [mailto:deepak.[protected]@tatacommunications.com]
Sent: Thursday, July 06, 2017 3:04 PM
To: ELANGOVAN M.; Pereira Benjamin
Cc: Manish Sinha; Sendhil Murugan M
Subject: FW: GST implication on car lease - Mr. Deepak Mittal : Payment done for Rs 326, 529.05 as asked for foreclosure

Hello Elangovan

The additional information asked by you is as follows .


b. Name & complete address on whose favour Tax Invoice &/or No Dues Certificate is to be raised.

Name : Shruti Mittal (Shruti is my 19 years ols daughter)

Address : Challengers-3, Flat 1604, Thakur Village, Kandivali East, Mumbai, 400101

c. Name & Address of RTO Authority on whose favour Letter for Cancellation of Endorsement, is to be released.

Existing RTO office in which the vehicle is registered as of now is Pune RTO

New RTO would be

WING-C, New Link Cross Road, Anand Park, Dahisar West,
Mumbai, Maharashtra 400068

From: Deepak Mittal
Sent: 30 June 2017 15:27
To: 'ELANGOVAN M.' ; Pereira Benjamin
Cc: Sendhil Murugan M ; Manish Sinha
Subject: FW: GST implication on car lease - Mr. Deepak Mittal : Payment done for Rs 326, 529.05 as asked for foreclosure

Hi Elangovan

We discussed, , please proceed with foreclosure basis the documents mentioned below

1. RC card copy
2. Insurance copy
3. Payment reference of Rs 326, 529.05 as mentioned by you .. These are two transactions one of 200000 and other one is 126529.05. The money is transferred to L&T SCB account, [protected]
a. Transaction Reference Number:[protected] . Amount : 200, 000 Rs
b. Transaction Reference Number:[protected] . Amount 126, 529.05 Rs


As discussed, I will let you know below two information, , in some time to come

b. Name & complete address on whose favour Tax Invoice &/or No Dues Certificate is to be raised.
c. Name & Address of RTO Authority on whose favour Letter for Cancellation of Endorsement, is to be released.

Regards
Deepak

From: Deepak Mittal
Sent: 30 June 2017 13:34
To: 'ELANGOVAN M.' ; Pereira Benjamin
Cc: Sendhil Murugan M ; Manish Sinha
Subject: RE: GST implication on car lease - Mr. Deepak Mittal : Payment done for Rs 326, 529.05 as asked for foreclosure

Hello Elangovan

I tried calling you on your landline, , however that is busy ..please find attached the following

1. RC card copy
2. Insurance copy
3. Payment reference of Rs 326, 529.05 as mentioned by you .. These are two transactions one of 200000 and other one is 126529.05. The money is transferred to L&T SCB account, [protected]
a. Transaction Reference Number:[protected] . Amount : 200, 000 Rs
b. Transaction Reference Number:[protected] . Amount 126, 529.05 Rs

Apart from that you also asked, ,

b. Name & complete address on whose favour Tax Invoice &/or No Dues Certificate is to be raised.

Name : Radhika Mittal (I can give two addresses over here, pls let me know which one you suggest is better in terms of cost outflow)

Address 1 : Challengers-3, Flat 1604, Thakur Village, Kandivali East, Mumbai, 400101
Address 2 : C/1301, Plot : 168, Sector 9, Ulwe, Navi Mumbai, Maharashtra 410206

c. Name & Address of RTO Authority on whose favour Letter for Cancellation of Endorsement, is to be released.

I guess this would be dependent on the address, , Can you help me with that, I am not sure on this

Regards
Deepak

From: Deepak Mittal
Sent: 30 June 2017 07:52
To: 'ELANGOVAN M.'
Cc: Pereira Benjamin ; Sendhil Murugan M ; Manish Sinha
Subject: RE: GST implication on car lease - Mr. Deepak Mittal

Hi Elangovan

Please find the RC and Insurance policy attached

Can you please tell me, , that in the GST regime, , what would be the impact to the total value of 326529.05 Rs which you have mentioned below

Also, is below NAME and Address if for my address, , I mean the final owner !!!

b. Name & complete address on whose favour Tax Invoice &/or No Dues Certificate is to be raised.

Name : Radhika Mittal (we can give two addresses over here, pls let me know which one you suggest is better in terms of cost outflow)

Address 1 : Challengers-3, Flat 1604, Thakur Village, Kandivali East, Mumbai, 400101
Address 2 : C/1301, Plot : 168, Sector 9, Ulwe, Navi Mumbai, Maharashtra 410206

c. Name & Address of RTO Authority on whose favour Letter for Cancellation of Endorsement, is to be released.

I guess this would be dependent on the address, , Can you help me with that


Regards
Deepak


From: ELANGOVAN M. [mailto:[protected]@ltfs.com]
Sent: 29 June 2017 21:08
To: Deepak Mittal
Cc: Pereira Benjamin ; Ashwini Sharma ; Nagvekar Ajay ; Sambhwani Ravi ; Sunny Achantani ; Mohammed Aamer Siddiqui ; Sujatha K (HR) ; GROVER AJAY
Subject: RE: GST implication on car lease - Mr. Deepak Mittal

Dear Sir,

As required, request you to refer to the below mention foreclosure payment details of your lease agreement as on 30/06/2017

AGREEMENT NO. Debtors Future Rentals RV Amt Vat Rate Vat On RV Total to be collected State Name of The User
LEA023066S[protected] - 54, 469.55 239, 700.00 13.50 32, 359.50 326, 529.05 Maharashtra Deepak Mittal

Request you to go through the below notes for smooth processing of foreclosure request and also all the details are required on or before the foreclosure date.

Note:-
1. The attached foreclosure calculation shall remain valid up to the foreclosure date.
2. The amount should be credited in our account on or before the foreclosure date as in case of the delay, the calculation will get changed.
3. At the time of Closure, kindly submit the following :
a. A photocopy / scan copy of Registration Book (RC) & Insurance Certificate / Policy.
b. Name & complete address on whose favour Tax Invoice &/or No Dues Certificate is to be raised.
c. Name & Address of RTO Authority on whose favour Letter for Cancellation of Endorsement, is to be released.
d. Cheque/Draft favouring "L&T Finance Ltd" and in case of fund transfer, kindly refer to the details mentioned below.

4. VAT is levied based on the State in which the asset is located as per our records available in the System. If there is any change in the location (State), kindly intimate the same immediately.

Beneficiary Name L&T FINANCE LTD
Bank HDFC BANK LTD
Account No. [protected]
Branch FORT, MUMBAI
IFSC Code HDFC0000060
Account Name L&T FINANCE LTD
or

Lease Bank Account And RTGS/NEFT Details for fund transfer
Beneficiary: L and T Finance Ltd
Bank Standard Chartered Bank
Account No [protected]
Branch Location M. G. Road, (MGR) IFSC-SCBL0036001
Location Mumbai
IFSC Code SCBL0036001
MICR Code [protected]
Account / Card Type Current

If you have any queries, please let us know

Regards,
Elangovan M
D+[protected] | M +91 [protected]
From: Deepak Mittal [mailto:deepak.[protected]@tatacommunications.com]
Sent: Thursday, June 29, 2017 5:58 PM
To: Pereira Benjamin; ELANGOVAN M.
Cc: Ashwini Sharma; Nagvekar Ajay; GROVER AJAY; Sambhwani Ravi; ELANGOVAN M.; Sunny Achantani; Mohammed Aamer Siddiqui; Sujatha K (HR)
Subject: RE: GST implication on car lease

Mr Elangovan

Please let me know the foreclosure amount, , guess this mail came in too late, , as tomorrow is last date, , but anyways let me know the values

From: Pereira Benjamin
Sent: 29 June 2017 17:49
Cc: Ashwini Sharma ; Nagvekar Ajay ; GROVER AJAY ; Sambhwani Ravi ; ELANGOVAN M. ; Sunny Achantani ; Mohammed Aamer Siddiqui ; Sujatha K (HR)
Subject: GST implication on car lease

Hi;
Due to the impending introduction of GST w.e.f. 1st July, 2017, your car lease monthly rental EMI will be hiked drastically. Please see the below trail mail received from L&T Finance in this regard.

If anybody is interested to foreclose the car lease before GST implementation, you are requested to kindly send an e-mail to Mr.Elangovan from L&T team to provide you the necessary foreclosure value and make the payment by 30th so that there won’t be any impact of the GST change.

Please treat this as most urgent, if interested to foreclose the car lease.


Benjamin Pereira
Human Resources
Tata Communications Ltd.
VSB, 11th Floor,
M.G.Road, Fort,
Mumbai-400 001.

[protected] Direct | [protected] Mobile | 522625 IP Phone
benjamin.[protected]@tatacommunications.com

Please contact AskHR by email to [protected]@tatacommunications.com or by phone 7777 or #7


From: ELANGOVAN M. [mailto:[protected]@ltfs.com]
Sent: 27 June 2017 15:42
Cc: Ashwini Sharma ; Nagvekar Ajay ; GROVER AJAY ; Sambhwani Ravi
Subject: GST implication on car lease

Dear All,

In view of the impending introduction of GST w.e.f. 1st July, 2017, request you to take note of the below mentioned tax rates, which will be applicable on lease rentals and closures (foreclosure or Residual Value) for vehicles replacing the existing VAT.

Vehicle Category GST rates (A) Cess Applicable (B) Total Tax Rate (A+B)
Motor Car - Petrol* (length< 1200CC) 28% 1% 29%
Motor Car - Diesel* (length< 1500CC) 28% 3% 31%
Motor Car - Mid segment/SUV/Luxurious & others* 28% 15% 43%

We will shortly share you the list of live car lease agreements with you for bifurcation of vehicles category as mentioned above. This confirmation will help us decide the GST rate applicability.

Regards,
Elangovan M
Corporate Lending and Structured Finance
D+[protected] | M +91 [protected]
L&T Financial Services, 3rd. Floor, Brindavan, Plot No. 177, Near Mercedes Showroom, CST Road, Vidyanagari Marg,
Kalina, Santacruz (East), Mumbai – 400098

Please consider the environment before printing.