https://www.taxtmi.com/notifications?id=126513 Exempts State tax on specified intra state supplies of old and used motor vehicles by capping tax to the amount calculated at specified rates on the supplier's margin: nine percent for certain petrol/LPG/CNG and diesel vehicles and SUVs, and six percent for other used vehicles. Vehicle specifications are determined under the Motor Vehicles Act. Margin is defined as consideration less depreciated value for depreciated assets or selling price less purchase price otherwise, with negative margins ignored. Exemption is inapplicable where input tax credit, CENVAT, VAT credit, or other tax credits have been availed. en-us Wed, 28 Feb 2018 00:00:00 +0530 Wed, 05 Sep 2018 14:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=126513 Exempts State tax on specified intra state supplies of old and used motor vehicles by capping tax to the amount calculated at specified rates on the supplier's margin: nine percent for certain petrol/LPG/CNG and diesel vehicles and SUVs, and six percent for other used vehicles. Vehicle specifications are determined under the Motor Vehicles Act. Margin is defined as consideration less depreciated value for depreciated assets or selling price less purchase price otherwise, with negative margins ignored. Exemption is inapplicable where input tax credit, CENVAT, VAT credit, or other tax credits have been availed. Notifications GST - States Wed, 28 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/notifications?id=126513