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of <h1>Notification exempts IGST on inter-state supplies of specified used motor vehicles; 18% charged on seller's margin, credits bar exemption</h1> Notification exempts integrated tax on inter-state supplies of specified old and used motor vehicles by applying a margin scheme: tax is payable only on the supplier's margin (selling price minus purchase price, or selling price minus depreciated value for assets on which depreciation was claimed), negative margins ignored. Specified vehicle categories attract a concessional IGST rate of 18% on the margin. The exemption does not apply where the supplier has availed input tax credit, CENVAT, VAT credit or other tax credits on the goods. Vehicle specifications and applicability are governed by the Motor Vehicles Act and related rules.
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