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of <h1>Central tax exempt on intra-state sale of specified used motor vehicles above concessional 9% on supplier's margin</h1> Central tax is exempted on intra-state supplies of specified old and used motor vehicles to the extent above a concessional rate of 9% applied on the supplier's margin. The notification lists vehicle categories (large petrol/LPG/CNG, large diesel, SUVs and other used vehicles) with specifications determined under the Motor Vehicles Act; margin for registered persons who claimed income-tax depreciation is sale price minus depreciated value, otherwise sale minus purchase price, negative margins ignored. The concession does not apply where the supplier has availed input tax credit, CENVAT, VAT credit or similar tax credits on the goods.
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