Amendment status not verified — confirm the current text below against the official source.
(1) This Act may be called the Manipur Motor Vehicles Taxation (Second Amendment)Act, 2015 (2) It shall come into force on sueh date as the State Government may, by notification1n the Official Gazette, appoint. 2'. In sub-section (1) of section 3' of the’ Manipur Motor Vehicles Taxation Act,1998 (hereinafter referred to as the Principal Act), in between the words “the appropriate rate”and “specified”, thewords“in such'manner as”shall beinserted. 3‘. Forsectionv 5ofthe Priiicipal Act, the following shallbe substituted, namely,- “51(1),;‘Every moterivehi'cle liable to pay tax on annual (reenrring) basis may pay tax in advance on or before 31St day of March for the commencing financial year by owner ofa motor vehicle. No. 2/52/2015-Leg/L: The follOwing Act of the Legislature, Manipur which received assent of the Governor ofManipufen February 10, 2016 is hereby published in the Official Gazette: THE MANIPUR MOTOR VEHICLE TAXATION (SECOND AMENDMENT) Short title and oommerwnent. Amendment of section 3. Substitution of Section 5. Payment of tax. Amendment of Section 9. (2) Every ownerof a motor vehicle other than a motor vehicle liable to pay One Time Tax shall have the option of paying the tax in advance in four equal quarterly instalments payable on or before the last day of March, June, September and December respectively: Provided that the tax leviable under section 3 in respect of personalised vehicles as well as auto rickshaws (goods or passengers),1notor cabs, maxi cabs, school vans and goods vehicles below 75 ng afier enactmentof this Act shall be paid at the time of registration for fifieen yearsunder One Time Tax stnxcttire at the rates starting from. minimum floor rate of tax at 4% on sale prim before VAT as prescribed in the First Schedule: ' Provided further that the owners of the personalised vehicles registered and paid under the recurring tax structure (annual tax basis) befoi'e the commencement of this Act shall have to pay their taxes under One Time Tax structure which is. meant for theremaining years to attain fifieen yws but subject to award of rebate on the tax payable and not on the cost of the vehicle @ 10% discount per annum taking into consideration of the age of the vehicle with the original cost of the vehicle before VAT. Mode of calculation is shown at First Schedule—Gronp A, Part—A.I (iv) Column 3 Row (iv) and may also be applicable with the formulae or calculations wherever exists in the following Schedules or Parts thereof etc.: , Provided also that every motor vehicle mere than fifieen yeat‘s of age fi'om the date of its registration and also found mechanically fit for use shall, on paymeht of such tax for another period of five years with a Green Tax as specified in the Schedules, be allowed to use for andthet five years.”