https://www.taxtmi.com/notifications?id=124676 The government exempts state GST on intra state supplies of specified old and used motor vehicles to the extent of tax on the supplier's margin over a prescribed base rate, with category specific marginal rates and vehicle specifications determined under the Motor Vehicles Act. Margin for depreciated assets equals consideration less depreciated value; otherwise it equals selling price less purchase price; negative margins are ignored. Exemption is inapplicable where the supplier has availed input tax credit, CENVAT, VAT input credit or other taxes paid on the goods. en-us Mon, 19 Feb 2018 00:00:00 +0530 Mon, 12 Mar 2018 16:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=124676 The government exempts state GST on intra state supplies of specified old and used motor vehicles to the extent of tax on the supplier's margin over a prescribed base rate, with category specific marginal rates and vehicle specifications determined under the Motor Vehicles Act. Margin for depreciated assets equals consideration less depreciated value; otherwise it equals selling price less purchase price; negative margins are ignored. Exemption is inapplicable where the supplier has availed input tax credit, CENVAT, VAT input credit or other taxes paid on the goods. Notifications GST - States Mon, 19 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/notifications?id=124676