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

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..... ct, 2017 (Karnataka Act 27 of 2017) , the Government of Karnataka, on the recommendations of the Council, hereby notifies the State 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, subheading, heading or Chapter as specified in the First Schedule to the Customs Tariff Act, 1975 (Central Act 51 of 1975) .....

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..... dated, 29th June, 2017 published in the Gazette of Karnataka, Extraordinary, Part IVA, Number591 dated the 29th June, 2017 . 1 2. 87 Motor Vehicles 65% of State tax applicable otherwise on such goods under Notification No. (01/2017) FD 48 CSL 2017 dated, 29th June, 2017 published in the Gazette of Karnataka, Extra .....

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..... dition No. Condition 1. The Motor Vehicles was purchased by the lessor 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 inp .....

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