Integrated Tax (Rate) Notification No. 38 of 2017 DT 13th October, 2017, GST

Notification No. 38/2017 Integrated Tax (Rate) DT on 13th October, 2017, GST

 

The Extract of GST Notification No. 38/2017 – Integrated Tax (Rate) is given below:

             Notification No. 38/2017 – Integrated Tax (Rate) , GST

 

Seeks to prescribe Integrated Tax rate on the leasing of motor vehicles.

 

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY PART II, SECTION 3, SUB-SECTION (i)]

 

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. (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 item, sub-heading, heading or Chapter as specified in the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), as the case may be, as specified in the corresponding entry in column (2), of the Table below, at the rate specified in corresponding entry in column (4) and subject to relevant conditions annexed to this notification, if any, specified in the corresponding entry in column (5) of the Table aforesaid:

 

TABLE

 

Sl.

Chapter,

 

 

 

Rate

Condition

No.

Heading,

Description of Goods

 

 

 

No.

 

Sub-

 

 

 

 

 

 

heading or

 

 

 

 

 

 

Tariff item

 

 

 

 

 

(1)

(2)

(3)

 

 

(4)

(5)

 

 

 

 

 

 

 

1.

87

Motor Vehicles

65%

of

integrated  tax  applicable

1

 

 

 

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.

 

2.

87

Motor Vehicles

65%

of

integrated  tax  applicable

2

 

 

 

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.

 

 

  1. Provided that nothing contained in this notification shall apply on or after1st  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 1975).

 

(ii)  The rules for the interpretation of the First Schedule to the said Customs Tariff Act, 1975, including the Section and Chapter Notes and the General Explanatory Notes of the First Schedule shall, so far as may be, apply to the interpretation of this notification.

 

 

 

 

ANNEXURE

 

 

 

 

 

Condition

 

 

Condition

No.

 

 

 

 

 

 

1.

The Motor Vehicles was purchased by the lesser prior to 1st  July, 2017 and

 

supplied on lease before 1st July, 2017

 

 

 

2.

i.

The supplier of Motor Vehicle is a registered person.

 

ii.

Such supplier had purchased the Motor Vehicle prior to 1st  July, 2017

 

 

and has not availed input tax credit of central excise duty, Value Added

 

 

Tax or any other taxes paid on such vehicles

 

 

 

 

 

 

 

[F.No.354/117/2017- TRU (Pt. III)]

 

 

(Ruchi Bisht)

 

Under Secretary to Government of India

 

 

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