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VAT2007-04
NOTIFICATION

No. FD 115 CSL 2007(4) Bangalore, dated: 30.03.2007.
Karnataka Gazette, Extraordinary, 30.03.2007

In exercise of the powers conferred by sub-section (3) of section 4 of the Karnataka Value Added Tax Act, 2003 (Karnataka Act 32 of 2004), the Government of Karnataka hereby reduces with effect from the first day of April, 2007, the tax payable by a dealer under the said Act to four per cent on the sale of used motor vehicle subject to the condition that.-
(i)
no deduction of input tax is claimed by the dealer in respect of purchase of such motor vehicle sold and any goods used in such motor vehicle sold; and
(ii)
such motor vehicle has been registered in the State prior to its sale, under the provisions of the Motor Vehicles Act, 1988 (Central Act 59 of 1988).
 
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