Govt proposes concession on road tax on submitting scrapping certificate

Elvera Bartels

The Ministry of Street Transport and Highways on Tuesday issued draft procedures regarding concession in motor auto tax from scrapped motor vehicles, that are established to occur into power from October 1, 2021.

In case the auto is registered from submission of “Certification of auto scrapping”, the concession in motor auto tax will be upto 25 for each cent in case of non-transportation motor vehicles, and in the case of transportation motor vehicles, it will be upto 15 for each cent.

These concessions will be out there upto eight decades, in case of transportation motor vehicles and upto 15 decades, in case of non-transportation motor vehicles and intervals will be reckoned from the day of 1st registration.

Pricey Reader,

Organization Standard has always strived tricky to give up-to-day information and commentary on developments that are of desire to you and have broader political and financial implications for the state and the entire world. Your encouragement and constant opinions on how to increase our presenting have only designed our take care of and determination to these ideals stronger. Even all through these tough periods arising out of Covid-19, we keep on to continue being fully commited to preserving you knowledgeable and updated with credible information, authoritative views and incisive commentary on topical difficulties of relevance.
We, nonetheless, have a request.

As we fight the financial affect of the pandemic, we need to have your guidance even additional, so that we can keep on to present you additional quality articles. Our membership design has witnessed an encouraging reaction from numerous of you, who have subscribed to our on-line articles. Far more membership to our on-line articles can only assistance us reach the objectives of presenting you even far better and additional applicable articles. We believe that in totally free, truthful and credible journalism. Your guidance via additional subscriptions can assistance us practise the journalism to which we are fully commited.

Aid quality journalism and subscribe to Organization Standard.

Digital Editor

Next Post

Data breach: MobiKwik says working with authorities, will do external audit

A day after an alleged facts breach that afflicted the facts of 3.five million of its consumers, payment company MobiKwik reported it had identified no proof of a leak, would get a security audit performed, and was functioning with requisite authorities. “The company is carefully functioning with requisite authorities, and […]