Toyota Pushes for 21% Tax Cut on Hybrid Vehicles, Emphasising Environmental Benefits
Toyota Motor is actively involved in lobbying the government, calling for a significant tax reduction on hybrid vehicles, according to a Reuters report. The company is pushing for a substantial 21 percent tax decrease, which
Tax Department has to prove Vehicle is found plying to levy Tax liability: Allahabad High Court quashes Order imposing Motor Vehicles Tax [Read Judgment]
The Allahabad High Court while quashing the order imposing motor vehicles tax held that a burden is cast upon the Taxation Officer to charge the tax and the additional tax only on being convinced that
Karnataka Govt withdraws plan to impose 20% Lifetime Tax on Electric Vehicles
Karnataka Transport Minister Ramalinga Reddy on Wednesday rolled back a proposal to levy 20 per cent tax on electric vehicles costing above Rs 20 lakh, following a nudge from lawmakers across parties, including the ruling
Central Government Directs States/UTs not to Levy Border Tax for Tourist Vehicles having Valid Permits under All India Tourist Vehicles (Permit) Rules, 2023
The Ministry of Road Transport and Highways, addressing to the The Principal secretaries/Secretaries, Department of Transport lor all StateS/UTS and The Transport Commissioners of all the States/Union Territories has directed not to levy border tax
CBIC clarifies Classification of Cranes for GST, Customs Duty [Read Circular]
The Central Board of Indirect Taxes and Customs (CBIC) has issued clarification regarding the classification of the goods referred to as Truck Cranes or All Terrain Cranes. These are essential goods that are used in
5% GST payable on Two or Three-wheeled ‘Battery Powered Electric Vehicle’ supplied with or without Battery Pack: AAR [Read Order]
The Odisha Authority of Advance Ruling (AAR) 5% GST is payable on Two or Three-wheeled “battery powered electric vehicle” supplied with or without battery pack. The applicant, M/s Anjali Enterprises is having a plan to
Taxability of Interest on Compensation under Motor Vehicle Act: ITAT directs to follow upcoming SC Verdict [Read Order]
The Income Tax Appellate Tribunal (ITAT), Jaipur has directed the Assessing Officer to wait till the Supreme Court pronounce a judgment in Sharda Pareek v. Assistant Commissioner of Income Tax & another, where the question
Vehicles fitted with Construction equipment liable to MV Tax at rates prescribed for Construction Equipment Vehicles: Kerala HC [Read Order]
The Kerala High Court held that motor vehicle tax applicable to construction equipment vehicles can be levied on vehicles registered as good carriage vehicles fitted with construction equipment and used for construction purposes. The petitioner
Vehicle Tax Exemption Allowable on Car Purchased by Visually Challenged Person: Madras HC [Read Order]
The Madras High Court recently held that Vehicle Tax Exemption is allowable on cars purchased by visually challenged persons. Carunia Seelavathi, the petitioner, who is visually handicapped and who holds a unique disability identity card showing
Motor Vehicle Tax to be calculated on Purchase Invoice Value and not on the Value Listed in Local Web Portal: Kerala HC [Read Judgment]
The Kerala High Court has ruled that Motor Vehicle tax levied should be calculated only upon the purchase invoice value and not upon the value listed in the local web portal. The Court made this
Kerala HC upholds Constitutional Validity of Higher Rate of Motor Vehicle Tax on Contract Carriages [Read Judgment]
Recently, the Kerala High Court upheld the constitutional validity of the levy of motor vehicle Tax on contract carriages in Kerala at a higher rate through the Finance Act, 2014. The Court while dismissing a
Bombay High Court directs Provisional Release of Vehicle on furnishing bond for 10% of the Value of Goods Seized [Read Judgment]
The Bombay High Court directed the provisional release of the vehicle on furnishing bond for 10% of the value of goods seized. The Petitioner, Haresh S. Bhanushali sought the release of the vehicle detained by
Mall collecting Parking Fees from its Customers is illegal: Kerala High Court
The Kerala High Court made a prima facie observation that the mall collecting parking fees from its customers is illegal. There were a batch of petitions filed challenging the action of Lulu mall collecting parking
GST Council to meet on July 25 to decide on Tax Cut on Electronic Vehicles
The Goods and Services Tax ( GST ) Council to meet on July 25th to decide on Tax Cut on Electronic Vehicles. The 36th meeting of the Council, which will happen through video conferencing, is
Budget 2024: EV Manufacturers vouch for Lower GST Rates
The rapidly growing electric vehicle (EV) industry is eagerly awaiting announcements in the upcoming Union Budget, hoping for positive support from Finance Minister Nirmala Sitharaman in the next fiscal year. In 2023, India's EV sector