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of <h1>Punjab exempts State tax on certain used vehicles under GST Act 2017; conditions apply for engine type and size.</h1> The Government of Punjab has exempted the State tax on intra-state supplies of certain old and used motor vehicles under the Punjab Goods and Services Tax Act, 2017. The exemption applies to petrol, LPG, CNG, and diesel-driven vehicles meeting specific engine capacity and size criteria, as well as SUVs. The tax rate is set at 9% for specified vehicles and 6% for others. The margin for tax calculation is based on the difference between selling and purchase prices or depreciated value. This exemption is not applicable if input tax credit has been claimed. The notification is effective from January 25, 2018.
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