Citicorp finance
Refund of wrongful VAT collected on car loan
I have availed a car loan through my employer Oracle India Pvt Ltd (which Citi folks term as lease not loan) to purchase Maruti Zen in year 2004. Later in 2005 when I left Oracle, I had to foreclose the loan. At that time Citicorp Finance collected a hefty VAT amount of about Rs 50, 000 with ...