Amendment status not verified — confirm the current text below against the official source.
Levy of tax.- 4[(1) There shall be levied, charged and paid to the State Government a tax,- (i) on all fares in respect of all passengers carried by motor vehicles at such rates not exceeding fifty percent of the value of fares, and (ii) on all freights in respect of all goods transported by motor vehicles at such rates not exceeding five percent of the value of freight, as the Government may, by notification, direct, subject to a minimum of five paise in any one case, the amount of tax being calculated to the nearest multiple of five paise by ignoring two paise or less and counting more than two paise as five paise.] 5[* * * * * *] 6[(1A) Notwithstanding anything contained in sub-section (1), when passengers are carried and goods are transported by a motor vehicle and- (i) no fare or freight, whether chargeable or not has, been charged, or (ii) fare or freight has been charged at a concessional rate, the tax at the rates as directed by notification by the Government under sub-section (1), shall be levied, charged and paid as if the passengers were carried or goods were transported either on fares and frights fixed by the competent authority under the Motor Vehicles Act for different classes of roads and motor vehicles in the State or on the