Exemption of State tax on intra-state supplies of goods from so much tax as specified in Schedule IV of Finance Department notification No.19829-FIN-CT1-TAX-0022-2017 dated 29.6.2017, as is in excess of the amount calculated at the rate specified in the corresponding entry in column (4) of the said Table, on the value that represent margin of the supplier, on supply of such goods.

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....AX-0043/2017-S.R.O. No. 46/2018 Dated:- 25-1-2018 Orissa SGST<br>GST - States<br>Orissa SGST<br>Orissa SGST<br>FINANCE DEPARTMENT NOTIFICATION The 25th January, 2018 S.R.O. No. 46/2018- In exercise of the powers conferred by sub-section (1) of Section 11 of the Odisha Goods and Services Tax Act, 2017 (Odisha Act 7 of 2017), the State Government, on being satisfied that it is necessary in the pu....

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....No. Chapter, Heading, Sub-heading or Tariff item Description of Goods Rate (1) (2) (3) (4) 1. 8703 Old and used, petrol Liquefied petroleum gases (LPG) or compressed natural gas (CNG) driven motor vehicles of engine capacity of 1200 cc or more and of length of 4000 mm or more. Explanation.- For the purposes of this entry, the specification of the motor vehicle shall be determined as per....

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....n -For the purposes of this notification, - (i) in case of a registered person who has claimed depreciation under section 32 of the Income-Tax Act,1961(43 of 1961)on the said goods, the value that represents the margin of the supplier shall be the difference between the consideration received for supply of such goods and the depreciated value of such goods on the date of supply, and where the mar....