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All states and territories require an annual vehicle registration fee to be paid in order to use a vehicle on public roads; the cost of which varies from state to state and is dependent on the type of vehicle. The fee is known colloquially as 'rego' (pronounced with a soft g, short for registration). [1] Queensland road tax is based on the ...
The Motor Vehicles Act is an Act of the Parliament of India which regulates all aspects of road transport vehicles. The Act provides in detail the legislative provisions regarding licensing of drivers/conductors, registration of motor vehicles, control of motor vehicles through permits, special provisions relating to state transport undertakings, traffic regulation, insurance, liability ...
v. t. e. All motorised vehicles plying on public roads in India are tagged with a registration or licence number. The vehicle registration plate (known colloquially as number plate) is issued by a Regional Transport Office (RTO), the district-level authority on road matters in the respective state or Union Territory.
Even though India's income tax was instituted in 1922 by the British, their tax history explains their high degree of tax delinquency today. [27] With effect from 1 April 2017, the Income-tax Act, 1961 has introduced the General Anti-avoidance Rules.
Automotive industry in India. The automotive industry in India is the world's fourth-largest by production and valuation as per 2022 statistics. [1][2][3] As of 2023, India is the 3rd largest automobile market in the world in terms of sales. [4]
Value-added tax (VAT) was introduced into the Indian taxation system from 1 April 2005. The existing general sales tax laws were replaced with the Value Added Tax Act (2005) and associated VAT rules. A few states (Gujarat, Tamil Nadu, Rajasthan, Madhya Pradesh, Chhattisgarh, Jharkhand, Uttarakhand and Uttar Pradesh) opted to stay out of VAT ...
Goods and Services Tax (India) The Goods and Services Tax (GST) is a successor to VAT used in India on the supply of goods and service. Both VAT and GST have the same taxation slabs. It is a comprehensive, multistage, destination-based tax: comprehensive because it has subsumed almost all the indirect taxes except a few state taxes.
Motor vehicle registration is the registration of a motor vehicle with a government authority, either compulsory or otherwise. The purpose of motor vehicle registration is to establish a link between a vehicle and an owner or user of the vehicle. While almost all motor vehicles are uniquely identified by a vehicle identification number, only ...