https://www.taxtmi.com/notifications?id=124772 Exempts the state tax on intra-state supplies of specified old and used motor vehicles by limiting taxable value to the supplier's margin, with different margin-based tax rates for defined vehicle categories; vehicle specifications follow the Motor Vehicles Act, 1988. Margin is computed as consideration less depreciated value for registered persons who claimed income-tax depreciation, or as selling price less purchase price otherwise, with negative margins ignored. Exemption does not apply where input tax credit, CENVAT or VAT input credit has been availed. en-us Wed, 24 Jan 2018 00:00:00 +0530 Thu, 15 Mar 2018 15:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=124772 Exempts the state tax on intra-state supplies of specified old and used motor vehicles by limiting taxable value to the supplier's margin, with different margin-based tax rates for defined vehicle categories; vehicle specifications follow the Motor Vehicles Act, 1988. Margin is computed as consideration less depreciated value for registered persons who claimed income-tax depreciation, or as selling price less purchase price otherwise, with negative margins ignored. Exemption does not apply where input tax credit, CENVAT or VAT input credit has been availed. Notifications GST - States Wed, 24 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/notifications?id=124772