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of <h1>Jammu & Kashmir Sets SGST Rate at 65% for Specific Motor Vehicles Under GST Act 2017, Valid Until July 2020.</h1> The Government of Jammu and Kashmir, under the Jammu and Kashmir Goods and Services Tax Act, 2017, has set the State Goods and Services Tax (SGST) rate at 65% of the applicable state tax for certain motor vehicle supplies. This rate applies to vehicles falling under specific tariff items as per the Customs Tariff Act, 1975. The notification outlines conditions for this rate, including that vehicles must have been purchased and leased before July 8, 2017, or that suppliers must be registered and have not claimed input tax credit on these vehicles. This notification is valid until July 1, 2020.
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