Bengal Govt. grants road tax waiver, stamp duty rebate

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The West Bengal government waived road tax on passenger transport vehicles and offered a rebate on stamp duty as it tabled Rs 3.08- lakh- crore Budget in the assembly for fiscal 2021-2022 and also decided to extend the one- time exemption of motor vehicle tax for the period starting July 1, 2021 to December 31, 2021.

The government has also proposed to reduce stamp duty by 2% for registration of deeds, while circle rate was slashed by ten per cent.

Student credit card scheme: The Govt. said said that interest rate of four per cent will be charged as a part of subvention, while the rest will be borne by the government.

The government of West Bengal has decided to extend the one- time exemption of motor vehicle tax for the period starting July 1, 2021 to December 31, 2021.

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