For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

Government for charging 6% as vehicle sale price as registration tax

By Religare
|
Government to charge 6% as vehicle price as registration tax
Government is mulling over levying a minimum 6 per cent of the sale price of the vehicle as a lifetime tax by various states, reported PTI.Ministry of Road Transport and Highways today recommended all the states should levy a lifetime tax at floor rate of 6 per cent of the sale price of the 2-wheelers, cars and LMVs.
 

"These are recommendations to the states, we are trying to prevail upon them," Road Secretary Vijay Chhibber told reporters after the meeting of Transport Development Council. At present different states have different tax structure.

"In our various discussions over the proposal there seem to be a clear idea that a uniform tax is not possible, nobody (state) will agree to it and so we decided that let us agree on a floor/base rate and it is in common interest of everyone," Chibber added.

Dion Global Solutions Ltd.

Company Search
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more