Motor vehicle state tax reduction applies temporarily, subject to purchase and supplier conditions and limits on input tax credit. A temporary concessional state tax rate of 65% of the otherwise applicable State tax is prescribed for intra State supplies of motor vehicles falling under specified tariff headings, subject to annexed conditions. Eligibility is limited to vehicles either purchased by the lessor and leased before the cut off or supplied by a registered supplier who purchased the vehicle before the cut off and did not avail input tax credit on related central excise, VAT or other taxes. The notification incorporates Customs Tariff First Schedule interpretative rules and contains a sunset clause.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Motor vehicle state tax reduction applies temporarily, subject to purchase and supplier conditions and limits on input tax credit.
A temporary concessional state tax rate of 65% of the otherwise applicable State tax is prescribed for intra State supplies of motor vehicles falling under specified tariff headings, subject to annexed conditions. Eligibility is limited to vehicles either purchased by the lessor and leased before the cut off or supplied by a registered supplier who purchased the vehicle before the cut off and did not avail input tax credit on related central excise, VAT or other taxes. The notification incorporates Customs Tariff First Schedule interpretative rules and contains a sunset clause.
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