Used cars costly; Costly cars cheaper
GOANEWS DESK, PANAJI | 18 March 2013 23:59 IST
Chief minister Manohar Parrikar has made second hand vehicles costly and high end costly vehicles cheaper.
While presenting the budget, he has introduced transfer fee for transferring the registration of used two as well as four wheelers, ranging between Rs 500 to Rs 5000.
However, at the same time, he has nullified the VAT chargeable on sale of such second hand vehicles.
He has also introduced Green Tax to be imposed on vehicles completing 15 years, between the range of Rs 1000 to Rs 4000.
On the other hand, he has proposed to reduce the rates of VAT as well as Entry Tax at 12.5 per cent on luxury cars costing above Rs 15 lakh and two wheelers costing above Rs 2.5 lakh.
He has also proposed to rationalise and enhance the Motor Vehicle Tax collected at the time of registration, the infrastructure development cess on purchase of vehicles and the passenger tax on stage carriages.
He has however now rationalised the passenger tax based on the type of the vehicle and other conditions.
Required Old model vehicle for purchase