Exemption of State tax on intra-state supplies of goods from so much tax as specified in Schedule IV of Finance Department notification No.19829-FIN-CT1-TAX-0022-2017 dated 29.6.2017, as is in excess of the amount calculated at the rate specified in the corresponding entry in column (4) of the said Table, on the value that represent margin of the supplier, on supply of such goods. https://www.taxtmi.com/notifications?id=124283 Exemption of State tax is granted on specified intra state supplies of old and used motor vehicles by exempting tax in excess of an amount calculated on the supplier's margin at prescribed rates for each vehicle category; the margin is defined as consideration minus depreciated value for depreciating suppliers or as selling price minus purchase price otherwise, with negative margins ignored, and the exemption does not apply where the supplier has availed input tax or related tax credits. en-us Thu, 25 Jan 2018 00:00:00 +0530 Fri, 23 Feb 2018 15:39:00 +0530 TaxTMI RSS Generator Exemption of State tax on intra-state supplies of goods from so much tax as specified in Schedule IV of Finance Department notification No.19829-FIN-CT1-TAX-0022-2017 dated 29.6.2017, as is in excess of the amount calculated at the rate specified in the corresponding entry in column (4) of the said Table, on the value that represent margin of the supplier, on supply of such goods. https://www.taxtmi.com/notifications?id=124283 Exemption of State tax is granted on specified intra state supplies of old and used motor vehicles by exempting tax in excess of an amount calculated on the supplier's margin at prescribed rates for each vehicle category; the margin is defined as consideration minus depreciated value for depreciating suppliers or as selling price minus purchase price otherwise, with negative margins ignored, and the exemption does not apply where the supplier has availed input tax or related tax credits. Notifications GST - States Thu, 25 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/notifications?id=124283