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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 on intra-State leasing of motor vehicles under Chapter 87 at sixty-five percent of the State tax otherwise applicable, subject to annexed conditions that the vehicle was purchased by the lessor prior to the GST rollout and leased before that date, or that the supplier is a registered person who purchased the vehicle prior to the rollout and has not availed input tax credit on taxes paid; tariff interpretation follows the Customs Tariff First Schedule rules.</description>
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      <description>Prescribes a reduced State tax on intra-State leasing of motor vehicles under Chapter 87 at sixty-five percent of the State tax otherwise applicable, subject to annexed conditions that the vehicle was purchased by the lessor prior to the GST rollout and leased before that date, or that the supplier is a registered person who purchased the vehicle prior to the rollout and has not availed input tax credit on taxes paid; tariff interpretation follows the Customs Tariff First Schedule rules.</description>
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      <pubDate>Fri, 13 Oct 2017 00:00:00 +0530</pubDate>
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