SME Times is powered by   
Search News
Just in:   • Adani Group to invest Rs 57,575 crore in Odisha  • 'Dollar Distancing' finally happening? Time for India to pitch Rupee as credible alternative: SBI Ecowrap  • 49% Indian startups now from tier 2, 3 cities: Jitendra Singh  • 'India ranks 3rd in global startup ecosystem & number of unicorns'  • LinkedIn lays off entire global events marketing team: Report 
Last updated: 09 Oct, 2019  

Goa.9.Thmb.jpg Goa cuts road tax by 50% for all new vehicles

Goa.1.9.jpg
   Top Stories
» 49% Indian startups now from tier 2, 3 cities: Jitendra Singh
» 'India ranks 3rd in global startup ecosystem & number of unicorns'
» Tripura exported over 9K tonnes of pineapples in 2 years
» CPI inflation eases to 6.71% in July, IIP falls to 12.3%
» Rupee depreciates 12 paise to close at 79.64 against US dollar
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.

 
Print the Page
Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 13 Aug, 2022
  Daily Poll
PM Modi's recent US visit to redefine India-US bilateral relations
 Yes
 No
 Can't say
  Commented Stories
» GIC Re's revenue from obligatory cession threatened(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter