Taxes on Imported Vehicles Undergo Steep Cut by Maharashtra Government
The Government of Maharashtra has softened the vehicle taxes on account of the continual increase in the number of cars being registered for import to the neighboring states. The reason for this increase is, these governments levy lower tax on imported vehicles as compared to the taxes levied by Maharashtra. Earlier the tax on the imported and company owned vehicles was 22 percent for the petrol vehicles and 26 percent for the diesel vehicles. Now these figures have been slashed to only 20 percent of the vehicle’s cost.
Meenal
Published On May 17, 2012 15:33 IST
Published OnMay 17, 2012 14:06 IST
Last Updated OnMay 17, 2012 15:33 IST
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The Cabinet of the state of Maharashtra has taken a collective decision on the subject of relaxing the taxes that were imposed on the company owned and imported cars in the last budget session. During the last budget announcement, the tax on the private petrol vehicles was incremented by 2 pe rcent and the tax on the private diesel vehicles was hiked up by 4 percent. The revision in the tax figures have been done for the private vehicles and the ones that are being owned by the company. These slashed taxes of 20 percent will come into effect immediately.
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<p style="text-align: left;"><span style="font-family: Arial, Helvetica, Verdana, sans-serif; color: #3f3f3f;"><span>Meenal has been a writer since the time she knew what it is to write. Being a team lead at CarDekho, she guides her team to bring in fresh ideas and true stories to develop a brain storming news for the car enthusiasts across the world. Meenal started writing during her school and is continuing still. Being a post graduate in English Literature with Linguistics, Phonetics, and Grammar as her favorites, she topped throughout. And perhaps that's what helped her starting her career directly as an Editor with international clients from the very beginning. She also has been trained in and has got experience in pre-editing and master-editing journals and books. With almost 5 years of experience in journalism behind her, she still believes that she gets to learn new things about writing news every new day. She plans to start on another degree in psychology. Future plans for her include nothing more than a dynamic GROWTH for herself and SMILES on the readers' faces.</span></span></p>Read more
