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Motor vehicle tax in Maharashtra to be raised from April, 2016

Motor vehicle tax in Maharashtra to be raised from April, 2016
Nikhil Puthran Nikhil Puthran Tuesday 22 March 2016, 18:10 PM

The government has proposed an increase in motor vehicle tax in Maharashtra effective from April onwards. This increase is on duty being levied based on the vehicle’s engine cubic capacity. Company registered vehicles are required to pay a double amount as tax. As for vehicles featuring engines upto 99cc, they are required to pay about 8 per cent, while 9 per cent will be applicable for vehicles powered by engines between 100cc-299cc.

As for vehicles displacing over 300cc, a tax of 10 per cent would be applicable. The hike will make a considerable impact as currently 7 per cent charge is levied on private vehicles and 21 per cent charge is applicable for company registered ones. Speaking on the occasion to LiveMint, Maharashtra finance minister Sudhir Mungantiwar, said, “Instead of levying tax on the basis of whether the vehicle is registered as a personal vehicle or company or office vehicle, we now propose to levy Motor Vehicle Tax on the basis of the cubic capacity of the vehicles.”

This would mean that irrespective of vehicle types like bikes, cars, auto rickshaws and public or cargo or transport, vehicles will cost more from April onwards. This will further add to customers woes, especially those who have been planning to buy a new vehicle in the coming months.

 

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