GST - Tamil Nadu Goods and Services Tax Act, 2017 - Reduction in State tax on the margin of the supplier on the intra-State supplies of old and used motor vehicles

GST - Tamil Nadu Goods and Services Tax Act, 2017 - Reduction in State tax on the margin of the supplier on the intra-State supplies of old and used motor vehicles https://www.taxtmi.com/notifications?id=124170 State tax on intra State supplies of specified old and used motor vehicles is exempted to the extent tax exceeds amounts calculated on the margin of the supplier, with reduced rates for listed vehicle categories. Margin is the difference between consideration and depreciated value for depreciated goods, or between selling and purchase price otherwise, and negative margins are ignored. The exemption is unavailable where the supplier has availed input tax credit, CENVAT, VAT credit or other taxes paid on the goods. The notification is effective from issuance. en-us Thu, 25 Jan 2018 00:00:00 +0530 Tue, 06 Mar 2018 17:04:00 +0530 TaxTMI RSS Generator GST - Tamil Nadu Goods and Services Tax Act, 2017 - Reduction in State tax on the margin of the supplier on the intra-State supplies of old and used motor vehicles https://www.taxtmi.com/notifications?id=124170 State tax on intra State supplies of specified old and used motor vehicles is exempted to the extent tax exceeds amounts calculated on the margin of the supplier, with reduced rates for listed vehicle categories. Margin is the difference between consideration and depreciated value for depreciated goods, or between selling and purchase price otherwise, and negative margins are ignored. The exemption is unavailable where the supplier has availed input tax credit, CENVAT, VAT credit or other taxes paid on the goods. The notification is effective from issuance. Notifications GST - States Thu, 25 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/notifications?id=124170