HomeCarandBike - Latest News

Goa Government Reduces Road Tax By 50 Per Cent On New Vehicle Purchase

SHARE:

The Goa government has decided to slash road tax by 50 per cent on purchase of new vehicles for a period of three months to boost the auto i...

The Goa government has decided to slash road tax by 50 per cent on purchase of new vehicles for a period of three months to boost the auto industry, state Transport Minister Mauvin Godinho said on Tuesday. With festivals like Dussehra and Diwali coming up, the state government''s decision will help the sluggish auto industry, he told PTI. "The government has decided to reduce the road tax by 50 per cent on purchase of new vehicles for three months from October," Godinho informed.

As per a transport department official, there was a decline of 15 to 17 per cent in the overall registration of vehicles in the state during first four months of the current financial year. A total of 19,480 vehicles were registered from April to July this year, he said. Currently, two-wheelers costing up to Rs 1.5 lakh are
taxed 9 per cent of the vehicle''s cost, and for those in the range of Rs 1.5 lakh to Rs 3 lakh, the tax is 12 per cent.

Vehicles costing above Rs 3 lakh are charged 15 per cent tax. For four-wheelers up to Rs six lakh, the tax is nine per cent, while those upto Rs 10 lakh are charged 11 per cent. Vehicles costing Rs 10 lakh to Rs 15 lakh are charged 11 per cent tax and those costing more have to pay 13 per cent.

Meanwhile, the opposition Congress said the move may benefit the common man, but it also shows that the government has "failed" in economic management.

"It may superficially appear that the 50 per cent reduction in road tax will benefit the common man, but the hard truth is that due to the failed economic management of the BJP government, people don''t have the financial strength to buy vehicles," Goa Congress president Girish Chodankar said.



from CarandBike - Latest News https://ift.tt/2nof5Bg
Name

CarandBike - Latest News,3891,NDTV CarAndBike - Latest News,4668,Web Bike World,393,webBikeWorld,826,
ltr
item
bikes: Goa Government Reduces Road Tax By 50 Per Cent On New Vehicle Purchase
Goa Government Reduces Road Tax By 50 Per Cent On New Vehicle Purchase
bikes
https://bikemotorbike.blogspot.com/2019/10/goa-government-reduces-road-tax-by-50.html
https://bikemotorbike.blogspot.com/
http://bikemotorbike.blogspot.com/
http://bikemotorbike.blogspot.com/2019/10/goa-government-reduces-road-tax-by-50.html
true
6291399089362058434
UTF-8
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS CONTENT IS PREMIUM Please share to unlock Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy