https://www.taxtmi.com/notifications?id=124669 Exemption of state tax on the margin of supplier is specified for certain categories of old and used motor vehicles, with distinct concessional rates per listed tariff entries. Vehicle specifications reference the Motor Vehicles Act and SUV dimensions. Supplier margin valuation is prescribed: for those who claimed depreciation the margin is consideration less depreciated value; otherwise it is selling price less purchase price; negative margins are ignored. The exemption is inapplicable if the supplier has availed input tax credit, CENVAT, VAT input tax credit or other tax credits on the goods. en-us Thu, 25 Jan 2018 00:00:00 +0530 Mon, 12 Mar 2018 14:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=124669 Exemption of state tax on the margin of supplier is specified for certain categories of old and used motor vehicles, with distinct concessional rates per listed tariff entries. Vehicle specifications reference the Motor Vehicles Act and SUV dimensions. Supplier margin valuation is prescribed: for those who claimed depreciation the margin is consideration less depreciated value; otherwise it is selling price less purchase price; negative margins are ignored. The exemption is inapplicable if the supplier has availed input tax credit, CENVAT, VAT input tax credit or other tax credits on the goods. Notifications GST - States Thu, 25 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/notifications?id=124669