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of <h1>Punjab Cuts Motor Vehicle State Tax to 65% Under GST Act Until July 2020.</h1> The Government of Punjab, through the Department of Excise and Taxation, issued a notification on November 1, 2017, regarding changes to the tax rates applicable to motor vehicles under the Punjab Goods and Services Tax Act, 2017. The notification specifies that the state tax on intra-State supplies of motor vehicles is set at 65% of the previously applicable tax rate as per a prior notification dated June 30, 2017. This adjusted rate applies under certain conditions, including the purchase and lease timing of the vehicles, and is valid until July 1, 2020.
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