State tax on motor vehicles adjusted under transitional conditions, applying reduced rate for specified prior purchases until the sunset date. Notification prescribes a reduced state tax rate for intra-State supplies of motor vehicles under Chapter 87-set at sixty-five percent of the state tax otherwise applicable-subject to conditions and a sunset disapplication from 1 July 2020; qualifying conditions cover (a) lessors who purchased vehicles before 1 July 2017 and leased them before that date, and (b) registered suppliers who purchased vehicles before 1 July 2017 and did not claim input tax credit on such purchases.
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Provisions expressly mentioned in the judgment/order text.
State tax on motor vehicles adjusted under transitional conditions, applying reduced rate for specified prior purchases until the sunset date.
Notification prescribes a reduced state tax rate for intra-State supplies of motor vehicles under Chapter 87-set at sixty-five percent of the state tax otherwise applicable-subject to conditions and a sunset disapplication from 1 July 2020; qualifying conditions cover (a) lessors who purchased vehicles before 1 July 2017 and leased them before that date, and (b) registered suppliers who purchased vehicles before 1 July 2017 and did not claim input tax credit on such purchases.
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