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GOVERNMENT OF KARNATAKA
 
NOTIFICATION
 
 
No.FD 182 CSL 2008 Karnataka Government Secretariat,Vidhana Soudha, Bangalore, Dated: 31.07.2008
 
     

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) and in super session of Notification No. FD 300 CSL 2005, dated: 24th October, 2005, the Government of Karnataka hereby reduces with immediate effect, the tax payable by a dealer engaged in the purchase and sale of used motor vehicles, on the sale of all kinds of used motor vehicles including used motor cycles under sub-section (1) of Section 4 of the said Act to four percent on the difference between the taxable turnover in respect of such sale and the amount paid towards purchase of such motor vehicles subject to the condition that.-

  1. no deduction of input tax is claimed by the dealer in respect of purchase of any goods used in the motor vehicles sold; and
  2. such motor vehicles have been registered in the State prior to their sale, under the provisions of the Motor Vehicles Act, 1988 (Central Act 59 of 1988).

 
 
(B.A. Harish Gowda) Comissioner of Commercial Taxes in Karnataka, Bangalore
 
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