Tuesday, October 15, 2019
News

Goa cuts road tax by 50% for all new vehicles

   SocialTwist Tell-a-Friend    Print this Page   COMMENT

Panaji | Wednesday, 2019 7:45:05 PM IST
In a bid to incentivise purchase of new vehicles, the Goa cabinet on Wednesday rolled back road tax by 50 per cent for all new vehicles till December 31, Chief Minister Pramod Sawant announced here.

"We have decided to reduce road tax up to 50 per cent for all registration of all vehicles until December 31," Sawant told reporters, after a meeting of the state cabinet on Wednesday.

The decision comes a day after promoters of car dealerships in the state warned of a dip in car sales and requested the state government to incentivise purchase of vehicles.

Last month, the state transport department had announced a 50 per cent discount on road tax for registration of new luxury class vehicles.

The incentive was given in order to ensure reversing the trend of Goan luxury car owners getting their vehicles registered in Puducherry where road tax is lower compared to Goa.

Currently, the road tax slabs for vehicles range from 9 per cent for two wheelers to 15 per cent for cars, depending on the price of the vehicle.

--IANS maya/sdr/bc

( 194 Words)

2019-10-09-13:48:08 (IANS)

 
  LATEST COMMENTS ()
POST YOUR COMMENT
Comments Not Available
 
POST YOUR COMMENT
 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
 
MORE BUSINESS NEWS
Indian-origin prof shares Economics Nobe...
5G may add 0.35-0.5% to India's GDP by 2...
Withdrawal limit for PMC Bank depositors...
Ministry mulling threshold for homebuyer...
RBI imposes Rs 1 crore penalty on Lakshm...
ED attaches assets worth Rs 3,830 cr in ...
More...
 
INDIA WORLD ASIA
Telangana: Three members appointed to Te...
SC seeks status report on stubble burnin...
US Navy submarine support ship arrives i...
UP govt suspends Maharajganj DM, five ot...
Delhi cabinet nod for new skill, entrepr...
Ex-chief engineer arrested in Tripura PW...
More...    
 
 Top Stories
Maha polls: Rahul to hold two publi... 
Miranda Lambert posts adorable birt... 
Heavy rain predicted in Kerala, Kar... 
Devastating fire breaks out at plas... 
Zoe Kravitz roped in to play Catwom... 
Turkish troops advance towards Manb... 
CA to match prize money for women's... 
Phil Simmons appointed the head coa...