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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 of 65% of the otherwise applicable State tax on intra-State supplies of motor vehicles when supplied on lease, subject to annexed eligibility conditions. Eligibility requires either that the lessor purchased and leased the vehicle before the GST commencement date or that the supplier is registered, purchased the vehicle before GST commencement and has not availed input tax credit on taxes paid. The notification adopts the Customs Tariff First Schedule for interpretation, is deemed effective from the stated commencement date, and ceases to apply after the specified sunset date.</description>
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    <pubDate>Tue, 24 Oct 2017 00:00:00 +0530</pubDate>
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      <title>Seeks to prescribe State tax rate on the leasing of motor vehicles.</title>
      <link>https://www.taxtmi.com/notifications?id=124381</link>
      <description>Prescribes a reduced State tax of 65% of the otherwise applicable State tax on intra-State supplies of motor vehicles when supplied on lease, subject to annexed eligibility conditions. Eligibility requires either that the lessor purchased and leased the vehicle before the GST commencement date or that the supplier is registered, purchased the vehicle before GST commencement and has not availed input tax credit on taxes paid. The notification adopts the Customs Tariff First Schedule for interpretation, is deemed effective from the stated commencement date, and ceases to apply after the specified sunset date.</description>
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      <pubDate>Tue, 24 Oct 2017 00:00:00 +0530</pubDate>
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