Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
News18 » Auto
1-min read

Goa Government Slashes Road Tax by 50 Percent on New Vehicles for Three Months

Goa's Transport Minister Mauvin Godinho said that ahead of festivals like Dussehra and Diwali, this move will help the sluggish auto industry.

PTI

Updated:October 2, 2019, 5:25 PM IST
facebookTwitterskypewhatsapp
Goa Government Slashes Road Tax by 50 Percent on New Vehicles for Three Months
Image for Representation (Reuters)

The Goa government has decided to slash road tax by 50 per cent on the purchase of new vehicles for a period of three months to boost the auto industry, state Transport Minister Mauvin Godinho said on October 1. With festivals like Dussehra and Diwali coming up, the state government's decision will help the sluggish auto industry, he told PTI. "The government has decided to reduce the road tax by 50 per cent on purchase of new vehicles for three months from October," Godinho informed. As per a transport department official, there was a decline of 15 to 17 per cent in the overall registration of vehicles in the state during the first four months of the current financial year. A total of 19,480 vehicles were registered from April to July this year, he said.

Currently, two-wheelers costing up to Rs 1.5 lakh are taxed 9 per cent of the vehicle's cost, and for those in the range of Rs 1.5 lakh to Rs 3 lakh, the tax is 12 per cent. Vehicles costing above Rs 3 lakh are charged 15 per cent tax. For four-wheelers up to Rs six lakh, the tax is nine per cent, while those upto Rs 10 lakh are charged 11 per cent. Vehicles costing Rs 10 lakh to Rs 15 lakh are charged 11 per cent tax and those costing more have to pay 13 per cent. Meanwhile, the opposition Congress said the move may benefit the common man, but it also shows that the government has "failed" in economic management.

"It may superficially appear that the 50 per cent reduction in road tax will benefit the common man, but the hard truth is that due to the failed economic management of the BJP government, people don't have the financial strength to buy vehicles," Goa Congress president Girish Chodankar said.

Get the best of News18 delivered to your inbox - subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, Telegram, TikTok and on YouTube, and stay in the know with what's happening in the world around you – in real time.

| Edited by: Chhavianshika Singh
Read full article
Next Story
Next Story

Also Watch

facebookTwitterskypewhatsapp

Live TV

Countdown To Elections Results
To Assembly Elections 2018 Results