https://www.taxtmi.com/notifications?id=124192 Exempts State tax on intra state supplies of specified old and used motor vehicles to the extent tax exceeds an amount computed at prescribed rates on the margin of the supplier. Margin is defined: for registered persons claiming depreciation, consideration received less depreciated value on date of supply (negative margins ignored); otherwise selling price less purchase price (negative margins ignored). Exemption does not apply if supplier has availed input tax credit, CENVAT, or input tax credit of Value Added Tax or other taxes. en-us Thu, 25 Jan 2018 00:00:00 +0530 Thu, 24 May 2018 15:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=124192 Exempts State tax on intra state supplies of specified old and used motor vehicles to the extent tax exceeds an amount computed at prescribed rates on the margin of the supplier. Margin is defined: for registered persons claiming depreciation, consideration received less depreciated value on date of supply (negative margins ignored); otherwise selling price less purchase price (negative margins ignored). Exemption does not apply if supplier has availed input tax credit, CENVAT, or input tax credit of Value Added Tax or other taxes. Notifications GST - States Thu, 25 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/notifications?id=124192