https://www.taxtmi.com/notifications?id=125692 Exempts state tax on intra-state supplies of specified old and used motor vehicles by capping tax to a margin-based taxable value; margin equals consideration less depreciated value for suppliers who claimed depreciation, or selling price less purchase price otherwise, with negative margins ignored. The exemption is unavailable where the supplier has availed input tax credit, CENVAT, VAT input credit or other taxes on the goods and applies only to the extent tax on the margin is capped at the specified rates. en-us Wed, 07 Mar 2018 00:00:00 +0530 Tue, 03 Jul 2018 14:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=125692 Exempts state tax on intra-state supplies of specified old and used motor vehicles by capping tax to a margin-based taxable value; margin equals consideration less depreciated value for suppliers who claimed depreciation, or selling price less purchase price otherwise, with negative margins ignored. The exemption is unavailable where the supplier has availed input tax credit, CENVAT, VAT input credit or other taxes on the goods and applies only to the extent tax on the margin is capped at the specified rates. Notifications GST - States Wed, 07 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/notifications?id=125692