Notification No. 37/2017
Date: October 13, 2017
Subject: Prescribing concessional GST rate on leasing of motor vehicles.
Description:
This notification prescribes a concessional GST rate equal to 65% of the applicable central tax rate on leasing of motor vehicles purchased and leased prior to 1 July 2017, subject to specified conditions. The concessional rate is applicable only up to 30 June 2020, providing transitional relief to leasing businesses.
Issued for earlier notification?
No — this is an independent rate notification.
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