Latest Expert Exchange Queries

GST Demo Service software link:
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft
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
Popular Search: articles on VAT and GST in India :: TAX RATES - GOODS TAXABLE @ 4% :: TDS :: empanelment :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: VAT RATES :: cpt :: ACCOUNTING STANDARD :: Central Excise rule to resale the machines to a new company :: due date for vat payment :: ACCOUNTING STANDARDS :: form 3cd :: list of goods taxed at 4% :: ARTICLES ON INPUT TAX CREDIT IN VAT :: VAT Audit
« General »
 India’s GST among most complex in world, and it is 0% tax rate that is hurting the idea
 Can’t overrule courts with retrospective amendments, says Supreme Court
 Why tax planning should be an all-year round activity
 8 financial tasks you should do in the next 30 days
 Income Tax department may defend CPC in returns fraud case
  Income tax department sends notices to investors over tax treaty gains
 Seven months after GST rollout: Time for handholding over, Centre to intensify efforts to curb tax evasion
 Individual angels may get tax relief too
 The differences between tax and cess
 Startups that raised funds from angel investors face tax scrutiny
 Tax collection assumptions in India's budget ambitious

Green tax on vehicles now mandatory in UP
May, 22nd 2014

To bring vehicular pollution under control, the state government has made 'green tax' mandatory for all motor vehicles in Uttar Pradesh. All vehicles over 15 years old will have to pay green tax soon, officials said.

The UP cabinet has given a go ahead to the amendment in the UP Motor Vehicles Act and it has been decided that all vehicles that have completed 15 years from the manufacturing date will be registered again and 'green tax' would be levied on them at that time. Non-transport or private vehicles will have to pay 10% of the due tax at the time of renewal of registration as green tax. The modalities of the 'green tax' would be announced soon.

The number of vehicles registered in Noida annually has seen a three-fold jump between 2004 and 2012. The introduction of 'green tax' on vehicles in UP will address only one aspect of environmental pollution, said experts, adding that the tax structure puts more burden on public transport vehicles than owners of cars and private vehicles.

"If a vehicle was registered in 1999, in 2014 it will pay 10% of its due tax as green tax," said sources in the transport department. There might be around 4.5 lakh such vehicles, said sources in the department.

According to experts, the green tax structure ensures puts more burden on public transport vehicles whereas cars and private vehicles remain largely unaffected. "The move will affect public transportation in the city. Private vehicles will remain unaffected because very few numbers outlive 15 years after their manufacture," said Anumita Roychowdhury of the Centre for Science and Environment.

A rationalization in the tax structure is required where age of vehicles is not the only criteria but sustainability of technology is also taken into account. A clear structure on imposition of taxes on older vehicles is needed so that those with older and obsolete emission technologies are taxed more.

In order to put comprehensive restrictions on vehicular pollution, the tax structure needs to be uniform across states bordering Noida, said Noida transport officials. "There is no count of vehicles entering Noida from the neighboring states every day. Green tax needs to be uniform across the states," said a transport department official.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Our Portfolio

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