Tax On Motor Vehicles
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Gram Panchayats Can't Impose Tax On Motor Vehicles: Madhya Pradesh High Court
Gram Panchayats -- elected village bodies -- have no power to levy a tax on motor vehicles, the Madhya Pradesh High Court has said.
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JSW Says MG Motor Joint Venture Aims to Sell 1 Million EVs in India by 2030
A joint venture between Indian conglomerate JSW Group and MG Motor expects to have sold 1 million electric vehicles in India by 2030 and corner a third of the market, a JSW executive said.
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EV Automakers in US Request Government to Remove Tax Cap on Purchasing Electric Cars
EV automakers in US including Ford, Toyota, GM and Stellantis have requested government to lift the cap on how many people can receive tax credits for buying a hybrid or fully electric vehicle. Currently the number of tax credits allowed is capped at 200,000 per company.
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West Bengal's Green Energy Push With These New Exemptions
The West Bengal Friday announced exemption of registration fees, motor vehicle and additional taxes for two and four wheeled electric vehicles and all categories of CNG-operated vehicles from April 1, 2022 to March 31, 2024.
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Tesla Said to Put India Entry Plan on Hold After Deadlock on Tariffs
Tesla has put on hold plans to sell electric cars in India, abandoned a search for showroom space and reassigned some of its domestic team after failing to secure lower import taxes, three people familiar with the matter told Reuters.
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12 Automakers Urge California Senators To Oppose Union EV Tax Credit
Senior executives at 12 major international automakers on Friday urged California's two U.S. senators to oppose a proposal to give union-made electric vehicles an additional $4,500 tax credit.
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Government Offers 25% Road Tax Rebate On Vehicles Bought After Scrapping Old Ones
Government has said that it will provide up to 25 per cent rebate on road tax for automobiles which are purchased after getting old vehicles junked
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MoRTH Proposes Concession Of Up To 25 Per Cent On Road Tax Against Vehicle Scrapping Certificate
According to the new proposal, if the vehicle is registered against submission of "Certificate of vehicle scrapping", the concession in the motor vehicle tax will be up to 25 percent, for non-transport vehicles and up to 15 percent for transport vehicles.
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Haryana Gives Tax Exemption To Autos, Taxis Operating In Delhi, Nearby Areas
The Haryana government on Wednesday decided to grant exemption in motor vehicle tax to auto rickshaws and taxis operating within the Delhi-national capital region (NCR), an official statement said.
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Amarinder Singh Extends 100% Tax Waiver For Bus Operators Till Dec 31
In a relief to bus operators in Punjab, Chief Minister Amarinder Singh on Friday ordered 100 per cent waiver on Motor Vehicle Tax till December 31 for all stage carriage, mini and school buses, while deferring payment of arrears of taxes, without interest and penalty, to March 31, next year.
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Auto Stocks Rise Upto 5% On Tax Cut Hopes
Speaking to industry executives at a virtual briefing, Ms Nirmala Sitharaman said lowering taxes on some types of vehicles was a "good suggestion".
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India Uncertainty, Japan Tax Rise To Limit Profit Growth, Says Suzuki Motor
Suzuki Motor Corp anticipates currency volatility, particularly the rupee and euro, to weigh on profit growth, even as it expects overall global vehicle sales to hit record highs.
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Bill On GST Compensation Cess To Be Debated In Lok Sabha Today
A bill that would replace an ordinance through which tax rates on various motor vehicles were hiked to a maximum of 25 per cent under the Goods and Services Tax or GST, will come up for consideration in the Lok Sabha today.
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GST Cess Hike In Cars To Take Effect From Today
Notification regarding increase in the effective rates of the Compensation Cess on specified motor vehicles will be issued on September 11, 2017, effective from 00 hours the same day.
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SUVs, Luxury Cars Could Cost More, Cess Likely To Go Up
Currently, the levy on these vehicles, including the 28 per cent GST and the 15 per cent cess, adds to 43 per cent. This could rise to 53 per cent if the law is amended.
-
Gram Panchayats Can't Impose Tax On Motor Vehicles: Madhya Pradesh High Court
Gram Panchayats -- elected village bodies -- have no power to levy a tax on motor vehicles, the Madhya Pradesh High Court has said.
-
JSW Says MG Motor Joint Venture Aims to Sell 1 Million EVs in India by 2030
A joint venture between Indian conglomerate JSW Group and MG Motor expects to have sold 1 million electric vehicles in India by 2030 and corner a third of the market, a JSW executive said.
-
EV Automakers in US Request Government to Remove Tax Cap on Purchasing Electric Cars
EV automakers in US including Ford, Toyota, GM and Stellantis have requested government to lift the cap on how many people can receive tax credits for buying a hybrid or fully electric vehicle. Currently the number of tax credits allowed is capped at 200,000 per company.
-
West Bengal's Green Energy Push With These New Exemptions
The West Bengal Friday announced exemption of registration fees, motor vehicle and additional taxes for two and four wheeled electric vehicles and all categories of CNG-operated vehicles from April 1, 2022 to March 31, 2024.
-
Tesla Said to Put India Entry Plan on Hold After Deadlock on Tariffs
Tesla has put on hold plans to sell electric cars in India, abandoned a search for showroom space and reassigned some of its domestic team after failing to secure lower import taxes, three people familiar with the matter told Reuters.
-
12 Automakers Urge California Senators To Oppose Union EV Tax Credit
Senior executives at 12 major international automakers on Friday urged California's two U.S. senators to oppose a proposal to give union-made electric vehicles an additional $4,500 tax credit.
-
Government Offers 25% Road Tax Rebate On Vehicles Bought After Scrapping Old Ones
Government has said that it will provide up to 25 per cent rebate on road tax for automobiles which are purchased after getting old vehicles junked
-
MoRTH Proposes Concession Of Up To 25 Per Cent On Road Tax Against Vehicle Scrapping Certificate
According to the new proposal, if the vehicle is registered against submission of "Certificate of vehicle scrapping", the concession in the motor vehicle tax will be up to 25 percent, for non-transport vehicles and up to 15 percent for transport vehicles.
-
Haryana Gives Tax Exemption To Autos, Taxis Operating In Delhi, Nearby Areas
The Haryana government on Wednesday decided to grant exemption in motor vehicle tax to auto rickshaws and taxis operating within the Delhi-national capital region (NCR), an official statement said.
-
Amarinder Singh Extends 100% Tax Waiver For Bus Operators Till Dec 31
In a relief to bus operators in Punjab, Chief Minister Amarinder Singh on Friday ordered 100 per cent waiver on Motor Vehicle Tax till December 31 for all stage carriage, mini and school buses, while deferring payment of arrears of taxes, without interest and penalty, to March 31, next year.
-
Auto Stocks Rise Upto 5% On Tax Cut Hopes
Speaking to industry executives at a virtual briefing, Ms Nirmala Sitharaman said lowering taxes on some types of vehicles was a "good suggestion".
-
India Uncertainty, Japan Tax Rise To Limit Profit Growth, Says Suzuki Motor
Suzuki Motor Corp anticipates currency volatility, particularly the rupee and euro, to weigh on profit growth, even as it expects overall global vehicle sales to hit record highs.
-
Bill On GST Compensation Cess To Be Debated In Lok Sabha Today
A bill that would replace an ordinance through which tax rates on various motor vehicles were hiked to a maximum of 25 per cent under the Goods and Services Tax or GST, will come up for consideration in the Lok Sabha today.
-
GST Cess Hike In Cars To Take Effect From Today
Notification regarding increase in the effective rates of the Compensation Cess on specified motor vehicles will be issued on September 11, 2017, effective from 00 hours the same day.
-
SUVs, Luxury Cars Could Cost More, Cess Likely To Go Up
Currently, the levy on these vehicles, including the 28 per cent GST and the 15 per cent cess, adds to 43 per cent. This could rise to 53 per cent if the law is amended.
