One time tax sys for vehicles on hire okayed
This is aimed at increasing revenue and changing the tax structure of the transport department.
The amendment proposes a one-time tax system by abolishing the system of monthly, quarterly, or annual taxation on two-wheelers, three-wheeler motor cabs, four-wheeler motor cabs, and maxi cabs operated on hire or reward in transport vehicles. It also applies to goods vehicles with a weight of up to 7500 kg, construction equipment vehicles, and specially manufactured vehicles.
After the cabinet's approval, necessary action will be taken in a timely manner to make the required amendments in the sections in question of the UP Motor Vehicles Taxation Act, 1997.
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