sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Latest Expert Exchange
General »
 Government likely to withdraw tax notice on free banking services
 Senior Citizens Savings Scheme Rules, 2004
 How salaried individuals can avail full potential of I-T benefits
 The Central Board of Direct Taxes unveiled new Income Tax Return forms for assessment year 2018-19 on 5 April. Although the manner of filing returns remains the same as compared to last year, certain changes have been incorporated in the new ITR forms.
 Income Tax efiling: Must-do steps to file your IT return for FY 2017-18 on time till you get Form 16
 What are the tax filing deadlines for financial year 2017-18?
 How income tax department can penalise you for under-reporting, misreporting income
 Start your tax planning right now
 Government confident of meeting fiscal deficit, tax revenue targets
 Clarification with respect to the E-way Bill System
 Here is how you can save on taxes

Govt decides to reduce toll tax on multi-axle vehicles
November, 16th 2010

The transport ministry is believed to have decided to reduce the toll tax on multi-axle vehicles, one of the main demands of truckers who have threatened to go on an indefinite strike from December 5.

"In the meeting held with the AIMTC -- the truckers association -- on Friday, the government had agreed to reduce the toll tax on multi-axle vehicles to Rs 2.50 per kilometer from existing Rs 3.45 per km," a source said on condition of anonymity.

However, this could not be officially confirmed. Officials of All-India Motor Transport Congress (AIMTC) could not be reached for comments.

Sources in the ministry added that truckers wanted parity between the toll paid on two-axle vehicles and those paid on multi-axle vehicles.Earlier in the day, AIMTC threatened to go on indefinite strike from December 5, if toll taxes are not rationalised.

"Our main demand is rationalisation of heavy toll being collected at the toll plazas, removal of perpetuity clause of Toll Act 1997, reduction of toll on multi-axle vehicles among other issues," AIMTC President G R Shanmugappa told reporters here.

Perpetuity clause of Toll Act 1997, means that even after the recovery of capital cost by the developer, the toll collection would continue till the government takes a call.

"Ministry was of the view that the tolls will be for perpetuity as money would be needed for the highways programme and for maintenance," the official added.

Shanmugappa added that AIMTC has reminded the government that more than 25 per cent of the toll plazas have already recovered more than principle amount along with interest and are making abnormally high profits and it is not justified.

AIMTC said that if their demand is not met by November 25, over 70 lakh truckers will go off the road and the strike would be extended to other segments such as tempos and small goods carriers.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Article Management Solutions System Article Management Software S

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions