Prescribing SGST rate of 65% of applicable State Tax for supply of motor vehicles in certain cases - SRO. 435 - Jammu and Kashmir SGST

Government of Jammu and Kashmir Finance Department Civil Secretariat, Srinagar Notification Srinagar, the 13 th October, 2017 SRO. 435 - In exercise of the powers conferred by sub-section (1) of section 9 of the Jammu and Kashmir Goods and Services Tax Act, 2017 (Act No. V of 2017), the Government, 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, failing under the tariff item, sub-heading, heading or Chapter as specified in the First Schedule to the Customs Tariff Act, 1975 (Central Act No, 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.No. Chapter, Heading, Sub- heading or Tariff item Description of Goods Rate Condition No. (1) (2) (3) (4) (5) 1. 87 Motor Vehicles 65% of Tax Applicable otherwise on such Goods under SRO Notification No. SRO-GST-1 Dated 08.07.2017 issued By Finance Department Government of Jammu and Kashmir vide endorsement No. ET/Estt/119 dated 08.07.2017 1 2. 87 Motor Vehicles 65% of Tax Applicable otherwise on such Goods under SRO Notification No. SRO-GST-1 Dated, 08.07.2017 issued By Finance Department Government of Jammu and Kashmir vide endorsement No. ET/Estt/119 dated 08.07.2017 2 Provided that nothing contained in this notification shall apply on or after 1 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 (Central Act No. 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 No. Condition 1. The Motor Vehicles was purchased by the lesser prior to 8th July, 2017 and supplied on lease before 8 th July, 2017 2. i. The supplier of Motor Vehicle is a registered person. ii. Such supplier had purchased the Motor Vehicle prior to 8 th July, 2017 and has not availed input tax credit of central excise duty, Value Added Tax or any other taxes paid on such vehicles By order of the Government of Jammu and Kashmir. Sd/- (Navin K. Choudhary), IAS Principal Secretary to Government Finance Department