Reduced state tax on leased motor vehicles applies subject to purchase date and input tax credit conditions until the notification expires. Prescribes a reduced state tax on intra State leasing of motor vehicles by applying 65% of the State tax otherwise applicable under Notification No. 1/2017-State Tax (Rate), tied to Customs Tariff First Schedule classifications and subject to annexed conditions limiting eligibility to vehicles purchased by the lessor prior to 1st July, 2017 or supplied by a registered supplier who purchased prior to that date without availing input tax credit; the notification ceases to apply on or after 1st July, 2020.
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.
Reduced state tax on leased motor vehicles applies subject to purchase date and input tax credit conditions until the notification expires.
Prescribes a reduced state tax on intra State leasing of motor vehicles by applying 65% of the State tax otherwise applicable under Notification No. 1/2017-State Tax (Rate), tied to Customs Tariff First Schedule classifications and subject to annexed conditions limiting eligibility to vehicles purchased by the lessor prior to 1st July, 2017 or supplied by a registered supplier who purchased prior to that date without availing input tax credit; the notification ceases to apply on or after 1st July, 2020.
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