https://www.taxtmi.com/news?id=18912 Leasing and sale of motor vehicles purchased or leased prior to 1 July 2017 attract a transitional GST charge equal to 65% of the applicable GST rate, including Compensation Cess. This rule applies to leasing, to sales of such vehicles generally, and specifically to sales by registered persons who did not avail Input Tax Credit on earlier taxes paid. The reduced rates operate for a three year period from 1 July 2017, with notifications to follow. en-us Thu, 12 Oct 2017 18:30:43 +0530 Thu, 12 Oct 2017 18:30:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=18912 Leasing and sale of motor vehicles purchased or leased prior to 1 July 2017 attract a transitional GST charge equal to 65% of the applicable GST rate, including Compensation Cess. This rule applies to leasing, to sales of such vehicles generally, and specifically to sales by registered persons who did not avail Input Tax Credit on earlier taxes paid. The reduced rates operate for a three year period from 1 July 2017, with notifications to follow. News - Thu, 12 Oct 2017 18:30:43 +0530 https://www.taxtmi.com/news?id=18912