https://www.taxtmi.com/notifications?id=123957 Concessional UTGST limits tax on specified old and used motor vehicles to the amount calculated at the prescribed rate on the supplier's margin. Margin for depreciated assets equals consideration less depreciated value; otherwise it is selling price less purchase price, with negative margins ignored. The concession is inapplicable where the supplier has availed input tax credit, CENVAT, VAT credit or other tax credits on the goods, and vehicle classification follows the Motor Vehicles Act and related rules. en-us Thu, 25 Jan 2018 00:00:00 +0530 Fri, 19 Sep 2025 17:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=123957 Concessional UTGST limits tax on specified old and used motor vehicles to the amount calculated at the prescribed rate on the supplier's margin. Margin for depreciated assets equals consideration less depreciated value; otherwise it is selling price less purchase price, with negative margins ignored. The concession is inapplicable where the supplier has availed input tax credit, CENVAT, VAT credit or other tax credits on the goods, and vehicle classification follows the Motor Vehicles Act and related rules. Notifications GST Thu, 25 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/notifications?id=123957