https://www.taxtmi.com/notifications?id=124347 The notification limits State tax on intra state supplies of specified old and used motor vehicles to the prescribed rate on the supplier's margin. Margin is measured as consideration minus depreciated value for items on which income tax depreciation was claimed, or selling price minus purchase price otherwise; negative margins are ignored. The exemption is inapplicable where the supplier has availed input tax credit, CENVAT, VAT input credit or other taxes on those goods. The rates differ by vehicle category and the measure came into force on 25 January 2018. en-us Thu, 25 Jan 2018 00:00:00 +0530 Tue, 06 Mar 2018 11:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=124347 The notification limits State tax on intra state supplies of specified old and used motor vehicles to the prescribed rate on the supplier's margin. Margin is measured as consideration minus depreciated value for items on which income tax depreciation was claimed, or selling price minus purchase price otherwise; negative margins are ignored. The exemption is inapplicable where the supplier has availed input tax credit, CENVAT, VAT input credit or other taxes on those goods. The rates differ by vehicle category and the measure came into force on 25 January 2018. Notifications GST - States Thu, 25 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/notifications?id=124347