Bare ActsThe Manipur Motor Vehicles Taxation (Second Amendment) Act, 2015

Section 31

Type of Life Time Tax (15 _ Tax for 5 ‘ (+) No

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Type of Life Time Tax (15 _ Tax for 5 ‘ (+) No. vehicle Years) years afier Green ' ' 15 years ’ Tax for . . _ - 5 years (1) (2) . __ (3) ’ , . 1(4) - . (5). (1) Sale price 4% ofthe original cost ’Rs. 5500 Rs. 550 . uptb 3 lakh '_ . ' . i ‘ § .1 - before VAT . . , , J (ii) Upto 6 lakh 5%“ ofthe original cost Rs. 8500 Rs. 600 _ ' before VAT _ . (iii) UptoIOIakh 6 % ofthe original Rs. 17000 Rs. 650. befo’r'eVAT cost ‘ ‘ ' (iv) Upto 15 y 7% ofthe original ‘ Rs. 30000 , Rs. lakh before cost ' ' 700 VAT (v) Upto & 8% ofthe original . Rs. 40000 Rs. above 20 cost ' ' - 800 Iakh before VAT , (vi) Vehicles of Payable One Time I Taxfor 5 years the above Tax = qfi‘er 15years life categories operating in the State of _ Manipur on- payment of taxes under recurring structure if any,sha11 . have to pay One Time Tax at the discounted rate depending on age of ' the , vehicle to be calculated as shown , aICol. 3' Row (vi) vehicle and ‘m ’ is ' 077— [(077715) x ‘n'] — ‘m‘ where 'n’ is the age ofthe the discounted value taking 10% - depre'ciatz'onper annum ie. ‘m ’ =. (077/15) x ‘n’ x ' 0.10, where, ‘x’ sign means multiplication, 7’ sign means division and ‘- ' sign means subtraction including Green Tax shall be levied based on the original cost ofthe particular class/type ofvehicle before VATand‘ corresponding to prescribed tax slab/ strucna'e.. Group - A Motor vehicle fitted solely with pneumatic. tyres: PART B: Goods vehicle (Private): I. Article. Description of Vehicle: Goods Vehicle below 7.5 GVW: On the basisof One Time Tax (15 years). SI. Type ofvehicle Life Time Permit Tax for (+) No. ' Tax (15 Fe pee 5_ years Green ‘ Years) year afici- 15 Tax for years 5 years (1) . . (2) (3) (4) , (5).. (5). (i) > Sale price upto 4% of R3. R5. 4000 Rs. Rs. 3 lakh (*1 Sale 250 ' " 2500 Tonner) price , A ' before . VAT ‘ , (ii) Sale Price _ 5% of Rs. 600 Rs. Rs. above Rs. 3 9 Sale 10000 2600 lakh & less price : than Rs.7 lakh before (‘3 Tonner) VAT (iii) Sale price 6% of Rs. 900 Rs- 'Rs. 1 above Rs. 7 Sale 1 7000. 3800 ; lakh (* 5 price » ; Tonner) 7 before i VAT ‘ (iv) ' Vehicles of the Payable 0T1" = Taxfor 5 years ‘ above ‘07';— [(0772135) X . :ffier 15years . n -— m w re 1 e categcines- "n” is Vthe age ofthe izeluding Green operahng m vehicle and "m ’ is ' Taxshall be ' the State of the discounted levied based on iManipur on value taking 10% the original cost . payment of depreciation per ofthe particular taxesunder annum i.e ‘m ’ = class/We of ‘ -- 077/15) X ‘n’ x vehicle be are g:::¥m2252 (1111111121 1111111”. szgn means correspondmg to any, shall have multiplication, ‘/’ prescribed tax ' to pay 09¢ sign,means division slab/ structure. Time Tax at , and ‘- ' sign , . ' the discounted means subtraction. ' raté-depmding . on age ofthe vehicle to be calculated as . shown atCol. 3 Row (iv) II. Article. Dmption of Vehicle: Goods Vehicle above 7.5 GVW (Private): On the basis of Recurring! Annual Tax with minimum ofRs 500 per tonne peryear. SI. Type of Annual Tax Permit Tax for 1 (+) Green No. . vehicle (4 Quartets) Fee per year] Tax/ year year Tome after 15 . years (1) (2) <3) (4) (5) (6) (i)

Section 31 – The Manipur Motor Vehicles Taxation (Second Amendment) Act, 2015 | DailyLaw.ai