State tax on motor vehicles reduced rate applies to intra State supplies subject to purchase and input credit conditions. The notification imposes a state tax on intra State supplies of Motor Vehicles under Chapter 87 at 65% of the state tax otherwise applicable under an earlier notification, subject to specified conditions: suppliers must be registered and must have purchased vehicles prior to July 2017 without availing input tax credit of central excise duty, VAT or other taxes; a separate condition addresses vehicles purchased by lessors and supplied on lease before July 2017. The notification ceases to apply on or after 1st July, 2020, and directs that tariff references and interpretive rules of the First Schedule to the Customs Tariff Act, 1975, govern its construction.
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State tax on motor vehicles reduced rate applies to intra State supplies subject to purchase and input credit conditions.
The notification imposes a state tax on intra State supplies of Motor Vehicles under Chapter 87 at 65% of the state tax otherwise applicable under an earlier notification, subject to specified conditions: suppliers must be registered and must have purchased vehicles prior to July 2017 without availing input tax credit of central excise duty, VAT or other taxes; a separate condition addresses vehicles purchased by lessors and supplied on lease before July 2017. The notification ceases to apply on or after 1st July, 2020, and directs that tariff references and interpretive rules of the First Schedule to the Customs Tariff Act, 1975, govern its construction.
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