https://www.taxtmi.com/notifications?id=123950 Concessional central tax applies to specified old and used motor vehicles by taxing only the supplier's margin. Where depreciation was claimed, margin equals consideration received less depreciated value on the date of supply; otherwise margin equals selling price less purchase price, with negative margins ignored. The concession does not apply if the supplier has availed input tax credit, CENVAT, VAT credit or other tax credits on the goods. en-us Thu, 25 Jan 2018 00:00:00 +0530 Fri, 19 Sep 2025 13:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=123950 Concessional central tax applies to specified old and used motor vehicles by taxing only the supplier's margin. Where depreciation was claimed, margin equals consideration received less depreciated value on the date of supply; otherwise margin equals selling price less purchase price, with negative margins ignored. The concession does not apply if the supplier has availed input tax credit, CENVAT, VAT credit or other tax credits on the goods. Notifications GST Thu, 25 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/notifications?id=123950