https://www.taxtmi.com/notifications?id=125484 Exempts part of state tax on intra-state supplies of specified old and used motor vehicles by capping tax on the supplier's margin at rates differentiated by vehicle category; vehicle specifications follow the Motor Vehicles Act. Margin equals consideration less depreciated value for items on which depreciation was claimed, or selling price less purchase price otherwise, with negative margins ignored. Exemption is inapplicable where the supplier has availed input tax credit, CENVAT, or VAT-related input tax credit. en-us Thu, 01 Feb 2018 00:00:00 +0530 Tue, 31 Jul 2018 12:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=125484 Exempts part of state tax on intra-state supplies of specified old and used motor vehicles by capping tax on the supplier's margin at rates differentiated by vehicle category; vehicle specifications follow the Motor Vehicles Act. Margin equals consideration less depreciated value for items on which depreciation was claimed, or selling price less purchase price otherwise, with negative margins ignored. Exemption is inapplicable where the supplier has availed input tax credit, CENVAT, or VAT-related input tax credit. Notifications GST - States Thu, 01 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/notifications?id=125484