TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Notifications
of of All Notifications
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Meghalaya Exempts State Tax on Used Vehicle Sales; Conditions Apply Under Meghalaya GST Act, 2017.</h1> The Government of Meghalaya exempts state tax on intra-state supplies of old and used motor vehicles, including petrol, LPG, and CNG-driven vehicles with specific engine capacities and dimensions, under the Meghalaya Goods and Services Tax Act, 2017. The exemption applies to vehicles described in the Customs Tariff Act, 1975, with tax rates specified in the schedule. The margin of the supplier is calculated based on the difference between selling and purchase prices, considering depreciation under the Income-Tax Act, 1961. This notification, effective from January 25, 2018, excludes suppliers who have availed input tax credit or CENVAT on such goods.
TaxTMI 
TaxTMI 
