Bare ActsKerala Finance Act, 2023

Section 7

Amendment of Act 19 of 1976.--

Amendment status not verified — confirm the current text below against the official source.

In the Kerala Motor Vehicles Taxation Act, 1976 (19 of 1976),-- (1) in the SCHEDULE, in serial number 7,-- (a) in item number (i), in sub item (d),-- (i) in entry (i), in column number (3), for the figure "310", the figure "280" shall be substituted; (ii) in entry (ii), in column number (3), for the figure "530", the figure "480" shall be substituted; (iii) in entry (iii), in column number (3), for the figure "750", the figure "680" shall be substituted; (iv) in entry (iv), in column number (3), for the figure "500", the figure "450" shall be substituted; (v) in entry (v), in column number (3), for the figure "750", the figure "680" shall be substituted; (vi) in entry (vi), in column number (3), for the figure "1000", the figure "900" shall be substituted; (vii) in entry (vii), in column number (3), for the figure "1000", the figure "900" shall be substituted; (viii) in entry (viii), in column number (3), for the figure "1500", the figure "1350" shall be substituted; (ix) in entry (ix), in column number (3), for the figure "2000", the figure " 1800" shall be substituted; (b) in item number (iii),-- (i) in sub-item (a), in column number (3), for the figure "600", the figure "540" shall be substituted; (ii) in sub-item (b), in column number (3), for the figure "690", the figure "620" shall be substituted; (iii) in sub-item (c), in column number (3), for the figure "210", the figure "190" shall be substituted; (iv) in sub-item (d), in column number (3), for the figure "150", the figure "140" shall be substituted; (c) in item number (iv),-- (i) in sub-item (a), in column number (3), for the figure "1170", the figure "1050" shall be substituted; (ii) in sub-item (b), in column number (3), for the figure "990", the figure "890" shall be substituted; (iii) in sub-item (c), in column number (3), for the figure "1260", the figure "1140" shall be substituted; (2) in Annexure I, in serial number A,-- (a) in item 1, in column number (3), for the figure and symbol "11%", the figure and symbol "13%" shall be substituted; (b) in item 2, in column number (3), for the figure and symbol "13%", the figure and symbol "15%" shall be substituted; (c) in item 4, in column number (3), for the figure and symbol "9%", the figure and symbol "10%" shall be substituted; (d) in item 5, in column number (3), for the figure and symbol "11%", the figure and symbol "13%" shall be substituted; (e) in item 6, in column number (3), for the figure and symbol "13%", the figure and symbol "15%" shall be substituted; (f) in item 7, in column number (3), for the figure and symbol "16%", the figure and symbol "17%" shall be substituted; (g) in item 7A, in column (3), for the figure and symbol "21%", the figure and symbol "22%" shall be substituted; (h) in item 8, in column (2), after the words "upto rupees twenty lakhs", the words and brackets "(other than electric vehicles)" shall be inserted; (i) in item 8A, in column (2), after the words "more than rupees twenty lakhs", the words and brackets "(other than electric vehicles)" shall be inserted; (j) in item 9, in column (2), after the words and figure "upto rupees 10 lakhs", the words and brackets "(other than electric vehicles)" shall be inserted; (k) in item 10, in column (2), after the words "upto rupees twenty lakhs", the words and brackets "(other than electric vehicles)" shall be inserted; (l) in item 10A, in column (2), after the words "more than rupees twenty lakhs", the words and brackets "(other than electric vehicles)" shall be inserted; (m) in item 11, in column (2), after the words and figure "upto rupees 15 lakhs", the words and brackets "(other than electric vehicles)" shall be inserted; (n) in item 12, in column (2), after the words and figure "upto rupees 20 lakhs", the words and brackets "(other than electric vehicles)" shall be inserted; (o) in item 12A, in column (2), after the words and figure "more than rupees 20 lakhs", the words and brackets "(other than electric vehicles)" shall be inserted; (p) after item 12A, and the entries against it in columns (1), (2) and (3), the following item and entries shall, respectively, be inserted, namely:-- "12B Electric Motor Cabs and Electric Tourist Motor Cabs - 5% of the purchase value of the vehicle."

Section 7 – Kerala Finance Act, 2023 | DailyLaw.ai