https://www.taxtmi.com/notifications?id=124855 Exempts part of State GST on intra state supplies of specified old and used motor vehicles by excluding tax in excess of the amount calculated at the specified rate on the supplier's margin. Vehicle categories are described by tariff headings and physical specifications. Margin is calculated as consideration less depreciated value where depreciation was claimed, or as selling price less purchase price otherwise, with negative margins ignored. Exemption does not apply if input tax credit, CENVAT or VAT credit, or other tax credits have been availed on the goods. en-us Thu, 25 Jan 2018 00:00:00 +0530 Mon, 19 Mar 2018 15:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=124855 Exempts part of State GST on intra state supplies of specified old and used motor vehicles by excluding tax in excess of the amount calculated at the specified rate on the supplier's margin. Vehicle categories are described by tariff headings and physical specifications. Margin is calculated as consideration less depreciated value where depreciation was claimed, or as selling price less purchase price otherwise, with negative margins ignored. Exemption does not apply if input tax credit, CENVAT or VAT credit, or other tax credits have been availed on the goods. Notifications GST - States Thu, 25 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/notifications?id=124855