News shortcuts: From the Courts | Top Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | Professional Updates | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
General »
 Impact of proposed new income tax rates on a Rs 20 lakh salary
 Income tax benefits on EPF contributions: New vs existing tax regime
 Why a simplified tax regime is the need of the hour
 Settling The Old vs New Tax Regime debate
 Mutual funds for a first-time investor
 All eyes on Nirmala Sitharaman's second Budget for tax relief
 FM must slash income tax rates, only way to stimulate demand
 Govt may go for income tax relief to spur demand, says report
 Countries should tax the money that their citizens make globally
 Personal income tax rate cut can revive economy
 Economic slowdown hits Income Tax collections

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 2020 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting