https://www.taxtmi.com/notifications?id=124929 Exempts state tax on intra state supplies of specified old and used motor vehicles by restricting taxability to the supplier's margin taxed at prescribed rates; margin equals consideration minus depreciated value where depreciation was claimed, or selling price minus purchase price otherwise, with negative margins ignored. The Table sets vehicle categories and corresponding rates, vehicle specifications are determined under the Motor Vehicles Act, and the exemption is inapplicable where the supplier has availed input tax credit, CENVAT, VAT credit or other taxes on the goods. en-us Thu, 25 Jan 2018 00:00:00 +0530 Wed, 21 Mar 2018 16:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=124929 Exempts state tax on intra state supplies of specified old and used motor vehicles by restricting taxability to the supplier's margin taxed at prescribed rates; margin equals consideration minus depreciated value where depreciation was claimed, or selling price minus purchase price otherwise, with negative margins ignored. The Table sets vehicle categories and corresponding rates, vehicle specifications are determined under the Motor Vehicles Act, and the exemption is inapplicable where the supplier has availed input tax credit, CENVAT, VAT credit or other taxes on the goods. Notifications GST - States Thu, 25 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/notifications?id=124929