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 ... Summary
Goods And Services Tax (Compensation To States) Act, 2017
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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