Exemption of State tax on intra-state supplies of goods from so much tax as specified in Schedule IV of Finance Department notification No.19829-FIN-CT1-TAX-0022-2017 dated 29.6.2017, as is in excess of the amount calculated at the rate specified in the corresponding entry in column (4) of the said Table, on the value that represent margin of the supplier, on supply of such goods. - 2250-FIN-CT1-TAX-0043/2017-S.R.O. No. 46/2018 - Orissa SGST

Odisha Exempts State Tax on Intra-State Sales of Used Vehicles Under GST Act 2017, Effective January 25, 2018.

The Odisha State Government, under the Odisha Goods and Services Tax Act, 2017, has exempted state tax on intra-state supplies of certain used motor vehicles. This exemption applies to taxes exceeding specified rates on the supplier's margin, as detailed in a table of vehicle categories. The exemption covers old and used petrol, LPG, CNG, and diesel vehicles, including SUVs, with rates ranging from 6% to 9%. The margin is calculated based on the difference between selling and purchase prices or depreciated value. This exemption is not applicable if the supplier has claimed input tax credit. The notification is effective from January 25, 2018.