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

Posted on 21 April 2023 Category : Notifications

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 13^th 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, 28^th June, 2017
			published in the Gazette of India,
			Extraordinary, Part II, Section 3,
			Sub Section (i), vide G.S.R. 666 (E)
			dated the		28^th 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, 28^th June, 2017
			published in the Gazette of India,
			Extraordinary, Part II, Section 3,
			Sub Section (i), vide G.S.R. 666 (E)
			dated the		28^th June, 2017.

Provided that nothing contained in this notification shall apply on or after1^st 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 1^st July, 2017 and
	supplied on lease before 1^st July, 2017

2.	i.	The supplier of Motor Vehicle is a registered person.
	ii.	Such supplier had purchased the Motor Vehicle prior to 1^st July, 2017
		and has not availed input tax credit of central excise duty, Value Added
		Tax or any other taxes paid on such vehicles