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    <title>Seeks to prescribe State Tax rate on the leasing of motor vehicles.</title>
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    <description>Prescribes a reduced state tax on intra State leasing of motor vehicles by applying 65% of the State tax otherwise applicable under Notification No. 1/2017-State Tax (Rate), tied to Customs Tariff First Schedule classifications and subject to annexed conditions limiting eligibility to vehicles purchased by the lessor prior to 1st July, 2017 or supplied by a registered supplier who purchased prior to that date without availing input tax credit; the notification ceases to apply on or after 1st July, 2020.</description>
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