The motor vehicle division of Transport department has revised the rates of taxes payable for one year in regards to the new vehicles registered hence forth across the state.
The revised rates is doubled to about 100% in case of private vehicles and motorcycles where as considering the ultimate impact on common people the department have increased the rates to a minimum of 6% in case of public vehicles and maximum to 44% in respect to goods carrier exceeding 8000kg gross vehicle weight.
Secretary, State Transport Authority, Mr. TT Sherpa informed that as per the instruction from the Government in 2010, a coordination meet was organized with Chief Secretary and later with Home and Finance Department where the transport department was informed about the revision of taxes in case of registration fees, fitness fees, road tax for one year and additional taxes for new registration fees where one percent of the cost of the vehicles as pre invoice were to be taxed.
Mr. Sherpa adding further said that as per the instruction received the taxes were revised by the department but special care has been also taken up in respect to public carrier and local taxis which is the basic needs of the common people for transportation. Furthermore relaxation in case of educational institution buses, ambulance, fire tenders and public utility vehicles is given during the revision of taxes inclusive of imposition of one percent of the cost of the vehicle as per invoice in respect of additional tax for new registration to all the vehicles.
Whereas the registration fees for new light motor vehicles (private) vehicles costing less than four lakhs will be charged with five percent of the cost of the vehicles as per invoice, those costing between Rs.4 to 10 lakhs has to pay 6% of the cost of the vehicles as per invoice and vehicles costing more than RS.10 lakhs 8% of the cost of the vehicle.
In case of light motor vehicles (Government and public sector undertaking) from now, has to pay one percent of the cost of the vehicles as per invoice if the vehicles costs is between Rs.4-10 lakhs and above 10 lakhs has to pay 5% of the cost of the vehicle as per invoice where as those vehicles falling under this category and costing less than Rs.4 lakhs no additional tax is required.
In case of light motor vehicles (Commercial/taxis) has to pay two percent as additional tax for new registration and similar is in the case of goods vehicles (light/medium/ heavy goods) and stage carriage (Buses). But those vehicles like private services(Omni bus registered as non commercial vehicles) from now has to pay 5% as additional tax for new registration and tractors, trailers, cranes, others has to pay 3% as additional tax for new registration of the cost of the vehicle as per invoice.
The additional tax is also applicable to vehicles registered in other states and brought to Sikkim for registration and the valuation of the vehicles will be as per the government notification. But in case of vehicles already registered in Sikkim and brought for change of ownership and allotment of new registration number will not be charged with additional tax.
Courtesy: Sikkim Mail
Is Delhi Police friendly towards the people of North East states?
idajio
February 27, 2011 at 4:56 pm
Garib ko Sarkar ko raaj ma: 100% increase in yearly taxes for private vehicles is just too much. Lets not mention the heavy registration fees for NEW VEHICLES. This will evidently prompt people(garib) to buy & register their vehicles in neighbouring West Bengal. I think the govt. should give this matter a BIG RETHINK. If not much of the State’s revenue will be lost to WB.
Why has this happened?? Is it due to the SFRBM bill being passed recently??? Garib ko ta sapna nai chur chur garne bhayo. Naya gari kin ne sapana ta sapana nai rahane ho ki k ho??