Motor vehicles for passenger transport face revised GST compensation schedule entries with a twenty-five per cent ad valorem rate. The Schedule to the Goods and Services Tax (Compensation to States) Act, 2017 is amended by inserting a new entry for motor vehicles for the transport of not more than thirteen persons, including the driver, under tariff headings 8702 10, 8702 20, 8702 30 or 8702 90, with a rate of twenty-five per cent ad valorem. The entry against serial number 5 is also revised to substitute the rate in column (4) with twenty-five per cent ad valorem.
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Motor vehicles for passenger transport face revised GST compensation schedule entries with a twenty-five per cent ad valorem rate.
The Schedule to the Goods and Services Tax (Compensation to States) Act, 2017 is amended by inserting a new entry for motor vehicles for the transport of not more than thirteen persons, including the driver, under tariff headings 8702 10, 8702 20, 8702 30 or 8702 90, with a rate of twenty-five per cent ad valorem. The entry against serial number 5 is also revised to substitute the rate in column (4) with twenty-five per cent ad valorem.
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