https://www.taxtmi.com/notifications?id=125745 Exemption reduces State tax on intra state supplies of specified old and used motor vehicles to the extent the tax in Notification No.1/2017 exceeds the notified rates, applying only to the supplier's margin. Margin for depreciated assets is consideration less depreciated value; otherwise it is selling price less purchase price; negative margins are ignored. Exemption is inapplicable if input tax credit, CENVAT or VAT credit has been availed. en-us Wed, 28 Feb 2018 00:00:00 +0530 Tue, 03 Jul 2018 12:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=125745 Exemption reduces State tax on intra state supplies of specified old and used motor vehicles to the extent the tax in Notification No.1/2017 exceeds the notified rates, applying only to the supplier's margin. Margin for depreciated assets is consideration less depreciated value; otherwise it is selling price less purchase price; negative margins are ignored. Exemption is inapplicable if input tax credit, CENVAT or VAT credit has been availed. Notifications GST - States Wed, 28 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/notifications?id=125745