Reduced rate of Integrated Tax (IGST) on the leasing of motor vehicles – where purchased and supplied on lease before 1.7.2017
38/2017 Dated:- 13-10-2017 Integrated GST (IGST) Rate
GST
IGST Rate
IGST Rate
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(Department of Revenue)
Notification No. 38/2017- Integrated Tax (Rate)
New Delhi, the 13th October, 2017
G.S.R. 1291 (E).- In exercise of the powers conferred by sub-section (1) of section 5 of the Integrated Goods and Services Tax Act, 2017 (13 of 2017), the Central Government, on the recommendations of the Council, hereby notifies the integrated tax on inter-State supplies of goods, the description of which is specified in column (3) of the Table below, falling under the tariff
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ordinary, Part II, Section 3, Sub Section (i), vide G.S.R. 666 (E) dated the 28th June, 2017.
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2.
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Motor Vehicles
65% of integrated tax applicable otherwise on such goods under Notification No. 1/2017- Integrated Tax (Rate) dated, 28th June, 2017 published in the Gazette of India, Extraordinary, Part II, Section 3, Sub Section (i), vide G.S.R. 666 (E) dated the 28th June, 2017.
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2. Provided that nothing contained in this notification shall apply on or after 1st July, 2020.
Explanation -For the purposes of this notification, –
(i) “Tariff item”, “sub-heading” “heading” and “Chapter” shall mean respectively a tariff item, heading, sub-heading and Chapter as specified in the First Schedule to the Customs Tariff Act, 1975 (51 of 19
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