State tax on leasing of motor vehicles limited to specified portion of applicable tax, subject to purchase and input-credit conditions. Prescribes a reduced State tax on intra-State leasing of motor vehicles under Chapter 87 at sixty-five percent of the State tax otherwise applicable, subject to annexed conditions that the vehicle was purchased by the lessor prior to the GST rollout and leased before that date, or that the supplier is a registered person who purchased the vehicle prior to the rollout and has not availed input tax credit on taxes paid; tariff interpretation follows the Customs Tariff First Schedule rules.
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.
State tax on leasing of motor vehicles limited to specified portion of applicable tax, subject to purchase and input-credit conditions.
Prescribes a reduced State tax on intra-State leasing of motor vehicles under Chapter 87 at sixty-five percent of the State tax otherwise applicable, subject to annexed conditions that the vehicle was purchased by the lessor prior to the GST rollout and leased before that date, or that the supplier is a registered person who purchased the vehicle prior to the rollout and has not availed input tax credit on taxes paid; tariff interpretation follows the Customs Tariff First Schedule rules.
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