Notification no 37/2017 Central Tax (Rate) date on 13th October, 2017, GST
Seeks to prescribe Central Tax rate on the leasing of motor vehicles.
The extract of GST Notification No. 37/2017- Central Tax (Rate) is given below:
Notification No. 37/2017- Central Tax (Rate), GST
[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. 37/2017-Central Tax (Rate)
New Delhi, the 13th October, 2017
G.S.R. (E).- In exercise of the powers conferred by sub-section (1) of section 9 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government, on the recommendations of the Council, hereby notifies the central tax on intra-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
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Sl.
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Chapter,
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Rate
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Condition
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No.
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Heading,
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Description of Goods
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No.
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Sub-
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heading or
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Tariff item
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(1)
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(2)
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(3)
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(4)
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(5)
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1.
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87
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Motor Vehicles
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65%
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of
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central
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tax
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applicable
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1
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otherwise on such goods under
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Notification
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No.
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1/2017-Central
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Tax
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(Rate) dated, 28th June, 2017
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published in the Gazette of India,
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Extraordinary, Part II, Section 3,
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Sub Section (i), vide G.S.R. 673 (E)
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dated the
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28th June, 2017.
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2.
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87
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Motor Vehicles
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65%
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of
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central
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tax
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applicable
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2
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otherwise on such goods under
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Notification
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No.
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1/2017-Central
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Tax
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(Rate) dated, 28th June, 2017
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published in the Gazette of India,
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Extraordinary, Part II, Section 3,
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Sub Section (i), vide G.S.R. 673 (E)
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dated the
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28th June, 2017.
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- 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.
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ANNEXURE
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Condition
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Condition
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No.
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1.
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The Motor Vehicles was purchased by the lesser prior to 1st July, 2017 and
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supplied on lease before 1st July, 2017
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2.
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i.
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The supplier of Motor Vehicle is a registered person.
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ii.
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Such supplier had purchased the Motor Vehicle prior to 1st July, 2017
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and has not availed input tax credit of central excise duty, Value Added
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Tax or any other taxes paid on such vehicles
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[F.No.354/117/2017- TRU (Pt. III)]
(Ruchi Bisht)
Under Secretary to Government of India
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