https://www.taxtmi.com/notifications?id=129039 Exempts specified old and used motor vehicles from State GST on intra state supplies to the extent tax exceeds the amount calculated on the supplier's margin at the prescribed rates for each vehicle category; vehicle categories are determined per the Motor Vehicles Act. Margin is measured as consideration less depreciated value for depreciated assets, or selling price less purchase price otherwise, with negative margins ignored. Exemption does not apply if the supplier has availed input tax credit, CENVAT or VAT input credit on those goods. Notification effective from 25 January 2018. en-us Wed, 11 Jul 2018 00:00:00 +0530 Sat, 16 Mar 2019 17:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=129039 Exempts specified old and used motor vehicles from State GST on intra state supplies to the extent tax exceeds the amount calculated on the supplier's margin at the prescribed rates for each vehicle category; vehicle categories are determined per the Motor Vehicles Act. Margin is measured as consideration less depreciated value for depreciated assets, or selling price less purchase price otherwise, with negative margins ignored. Exemption does not apply if the supplier has availed input tax credit, CENVAT or VAT input credit on those goods. Notification effective from 25 January 2018. Notifications GST - States Wed, 11 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/notifications?id=129039