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Detailed GST Notification Information

Notification No. 09/2018

Date: January 25, 2018
Subject: Margin-based IGST on supply of old and used motor vehicles.
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Description:

This notification prescribes concessional IGST rates on inter-State supply of old and used motor vehicles, to be levied only on the margin of the supplier. It defines the method of calculating margin based on depreciation or purchase price, and denies the benefit where input tax credit has been availed. The notification provides clarity and relief in taxation of used vehicles.

Issued for earlier notification?
No — this is an independent rate notification.

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