Ministry of Road, transport and highways published draft rules regarding concession in motor vehicle tax against scrapped vehicles

Road, Transport and Highways Ministry  published the draft rules regarding concession in motor vehicle tax against scrapped vehiclesRp

Under the draft rules, people will get 25 percent concession on the purchase of personal vehicles with vehicle scrappage certificate while on the purchase of commercial vehicles, the tax relief will be 15 percent.

In case of personal vehicles, the tax concessions will be available up to eight years while for commercial vehicles, it will be up to 15 years. The period will be reckoned from the date of first registration. The government has invited suggestions from various stakeholders on the draft rules within a period of 30 days. The rules are proposed to come into force from 1st of October 2021.

 

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