Notification No. 09/2018
Date: January 25, 2018
Subject: Margin-based IGST on supply of old and used motor vehicles.
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.
Other Notifications
08/2024
Implementation date of the special procedure is extended from 01 April 2024 to 1...
Read More50/2020 corrigendum 1
This corrigendum substitutes the words “turnover of taxable” with “turnove...
Read More08/2017
This notification exempts persons making inter-State taxable supplies of specifi...
Read More