Motor vehicle tax waived for June by 50%
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The State transport division has determined to waive the motor vehicle tax for industrial autos by 50% for the month of June. Deputy Chief Minister Lakshman Savadi, who can also be the Transport Minister, said that this determination was taken in mild of the restrictions that have been imposed following the outbreak of the second wave of COVID-19.
The waiver has been introduced as a particular case underneath part 16 (1) of the Karnataka Motor Vehicles Tax Act, 1957, however doesn’t apply to newly registered passenger autos, said a press launch from the transport division.
‘Too little, too late’
Private operators are sad with the sop, as they’ve been demanding a waiver for six months. “This is too little, too late,” mentioned K. Radhakrishna Holla, president of Karnataka State Travel Operators’ Association.
“The lockdown and weekend restrictions were in place for more than 60 days. We had cooperated with the government when Road Transport Corporations went on strike earlier in April, despite not making any profit,” he mentioned.
Travel operators and homeowners of passenger autos have been in monetary misery and even banks that had introduced a blanket moratorium for six months final 12 months had not prolonged the identical profit this time round. “The second wave has hit us hard,” he mentioned.
Mr. Holla urged the federal government to announce not less than 50% waiver in motor vehicle tax for six months. “We are still waiting for the official order to be issued. We will decide on the next course of action once the order is issued,” he added.
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