Vehicles purchased & leased before July 1 to attract GST at 65% of applicable Rate + Cess

Finmin explains decision of GST Council to provide relief to old / existing lease of motor vehicles; Leasing of vehicles purchased and leased prior to July 1, 2017 would attract GST equal to 65% of applicable rate (including Compensation Cess); Such vehicles when sold shall also attract GST at 65% of applicable rate; Further, sale of vehicles by registered person who had procured the vehicle prior to July 1, 2017 and has not availed any Input Tax Credit of Central Excise duty...