SME Times News Bureau | 09 Oct, 2019
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.
