https://www.taxtmi.com/notifications?id=124638 Exempts state tax on intra state supplies of specified old and used motor vehicles to the extent tax exceeds a prescribed rate on the margin of the supplier. Margin is defined as consideration less depreciated value where depreciation was claimed, or as selling price less purchase price otherwise; negative margins are ignored. The exemption does not apply if the supplier has availed input tax credit, CENVAT, VAT or other input credits on the goods. en-us Fri, 23 Feb 2018 00:00:00 +0530 Fri, 09 Mar 2018 12:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=124638 Exempts state tax on intra state supplies of specified old and used motor vehicles to the extent tax exceeds a prescribed rate on the margin of the supplier. Margin is defined as consideration less depreciated value where depreciation was claimed, or as selling price less purchase price otherwise; negative margins are ignored. The exemption does not apply if the supplier has availed input tax credit, CENVAT, VAT or other input credits on the goods. Notifications GST - States Fri, 23 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/notifications?id=124638