STOCK MARKET BSE NSE

Karnataka: New vehicle buyers will have to fork out safety cess

Soon, buyers of new vehicles will have to shell out more towards tax as the state government has issued a notification to collect Road Safety Cess.

Published: 11th March 2019 04:24 AM  |   Last Updated: 11th March 2019 04:24 AM   |  A+A-

Karnataka vehicles

For representational purposes | Express

Express News Service

BENGALURU: Soon, buyers of new vehicles will have to shell out more towards tax as the state government has issued a notification to collect Road Safety Cess. As per the notification, Rs 500 will be collected from those buying two- and three-wheelers while Rs 1,000 will be charged for all other categories of vehicles.

The funds raised from the cess will be utilised for administrative expenses of the Karnataka State Road Transport Authority like conducting road safety awareness programmes as per the Karnataka State Road Safety Authorities Act, 2017. The Act provides for constitution of a Road Safety Authority and establishment of a Road Safety Fund.

“On an average, 3,500 new vehicles hit roads in the state every day, about 2,000 of them in Bengaluru alone. It is expected that collection of cess from newly registered vehicles will not be less than Rs 15 lakh per day, even if the number of registrations come down,” an official said. Sources said that the department will start collecting the newly-introduced cess soon.



Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

IPL_2020
flipboard facebook twitter whatsapp