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
« VAT (Value Added Tax) »
 Filing of online return for 4th quarter of 2017-18 extension of period thereof.
 No Cenvat credit admissible on outward transportation services from factory to buyer’s premises
  Filing of reconciliation return in form 9 for the year 2016-17
 Govt may send notice to 162 companies; ask for VAT returns
 Cenvat Credit Is Not Income Liable To Be Taxed
 Cos wanting to claim VAT refund on employees' foreign stay can get professional help
 Regarding disposal of pending form DVAT 04 & 07 Form Applications
 Disposal of pending Form DVAT 04 & Form DVAT 07 applications: regarding
 Cenvat Credit Rules, 2017 III Part
 VAT phased out in TS
 Cenvat Credit Rules, 2017 II Part

Road tax on vehicle cost, VAT not to be included
April, 02nd 2013

The significant hike in road tax for registering vehicles in the city has come with a pleasant surprise. From now on, the Registering and Licensing Authority (RLA) will calculate the road tax on the cost of the vehicle instead of the ex-showroom price (total cost of vehicle which also includes 12 per cent Value Added Tax) of the vehicle.

In fact, this has been a long-pending demand of the city residents. Punjab has already adopted this norm from September 2012.

Speaking with Chandigarh Newsline, Deputy Commissioner Mohammad Shayin said, "With this, we have tried to rationalise the road tax. Those who buy high-end vehicles get to pay more and those who buy mid-segment vehicles will have to shell out less."

With the introduction of two slabs for road tax, Chandigarh has joined the league of Delhi and Punjab which had introduced the uniform slabs last year.

From Monday onwards, for registering a four-wheeler costing above Rs 20 lakh, one will have to pay 8 per cent of the cost of the vehicle as road tax in the city.

Similarly, for two-wheelers costing upto Rs 1 lakh, one will have to pay 3 per cent and for two-wheelers costing between Rs 1 lakh and Rs 4 lakh, one will have to pay 4 per cent as road tax, and for those costing above Rs 4 lakh, one will have to pay 5 per cent of the cost of the vehicle as road tax.

The significant hike in road tax has brought the UT on a par with the neighbouring state of Punjab while Haryana proves to be the cheapest when it comes to paying road tax in the region.

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

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