Reduced State tax on motor vehicles set at a lower proportion of standard rate, subject to purchase and supplier conditions. Notification prescribes a concessional State tax on intra State supplies of motor vehicles classified under Chapter 87, fixing the rate at 65% of the State tax otherwise applicable under Notification No. 1/2017 State Tax (Rate) dated 29 June 2017. The concessional rate is subject to specified conditions: vehicles purchased by lessors before 1 July 2017 and leased before that date, or supplied by registered persons who purchased before 1 July 2017 and did not claim input tax credit on such vehicles. The notification ceases to apply on or after 1 July 2020.
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Provisions expressly mentioned in the judgment/order text.
Reduced State tax on motor vehicles set at a lower proportion of standard rate, subject to purchase and supplier conditions.
Notification prescribes a concessional State tax on intra State supplies of motor vehicles classified under Chapter 87, fixing the rate at 65% of the State tax otherwise applicable under Notification No. 1/2017 State Tax (Rate) dated 29 June 2017. The concessional rate is subject to specified conditions: vehicles purchased by lessors before 1 July 2017 and leased before that date, or supplied by registered persons who purchased before 1 July 2017 and did not claim input tax credit on such vehicles. The notification ceases to apply on or after 1 July 2020.
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