Latest Expert Exchange Queries
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) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: list of goods taxed at 4% :: ACCOUNTING STANDARDS :: VAT RATES :: ACCOUNTING STANDARD :: empanelment :: form 3cd :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ARTICLES ON INPUT TAX CREDIT IN VAT :: TDS :: TAX RATES - GOODS TAXABLE @ 4% :: due date for vat payment :: cpt :: VAT Audit :: Central Excise rule to resale the machines to a new company :: articles on VAT and GST in India
 
 
VAT (Value Added Tax) »
 Haryana govt exempts solar equipment from VAT
 AP to push for same benefits under GST for VAT exempted goods
 Andhra Pradesh to push for same benefits under GST for VAT exempted goods
 Petrol prices set to rise in Goa with increase in VAT
 Payment systems to remain open on all days from March 25, 2017 to April 1, 2017
 Delhi cuts VAT on ATF to 1% for regional flights; other states to announce the same soon a
 Shops cannot charge VAT on discounted items: Consumer forum
 Delhiites have to pay lowest taxes as AAP govt announces cuts on VAT on various items
 Tamil Nadu minister justifies VAT hike on fuel
 State Government urged to withdraw hike in VAT on petrol, diese
 High VAT may encourage illegal trading

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 2017 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