GST exemption on intra state supplies of specified used motor vehicles taxing only supplier margin; excludes supplies with input tax credit. Exempts state tax on intra state supplies of specified old and used motor vehicles by restricting taxability to the supplier's margin taxed at prescribed rates; margin equals consideration minus depreciated value where depreciation was claimed, or selling price minus purchase price otherwise, with negative margins ignored. The Table sets vehicle categories and corresponding rates, vehicle specifications are determined under the Motor Vehicles Act, and the exemption is inapplicable where the supplier has availed input tax credit, CENVAT, VAT credit or other taxes on the goods.
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.
GST exemption on intra state supplies of specified used motor vehicles taxing only supplier margin; excludes supplies with input tax credit.
Exempts state tax on intra state supplies of specified old and used motor vehicles by restricting taxability to the supplier's margin taxed at prescribed rates; margin equals consideration minus depreciated value where depreciation was claimed, or selling price minus purchase price otherwise, with negative margins ignored. The Table sets vehicle categories and corresponding rates, vehicle specifications are determined under the Motor Vehicles Act, and the exemption is inapplicable where the supplier has availed input tax credit, CENVAT, VAT credit or other taxes on the goods.
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