UP waives fine on late payment of CV tax
01 Jul 2022
2 Min Read
CW Team
To revive the ailing transport industry, the Uttar Pradesh government has decided to waive
the penalty for late payment of commercial vehicle (CV) taxes. During the pandemic, the
industry had been hit due to the restrictions on the movement of CVs. The move will help CV
owners that were registered before April 1, 2020.
L Venkateshwar Lu, Principal Secretary, Transport Department, issued a notification saying
that the owners of CVs whose cases for defaulting on tax payments were pending in court
could apply for the waiver and withdrawal of the petitions.
CV owners pay quarterly taxes to the transport department, ranging from Rs 15,000 to Rs
40,000. The department charges a 5% compound interest for failure to pay the taxes in time.
About 50,000 commercial vehicles 鈥� 16,000 in Noida, 23,000 in Ghaziabad, and 11,000 in
Bulandshahr and Hapur 鈥� had not cleared their taxes so far. In total, the RTO will waive Rs
183 crore with this move.
The government notification also clarified that the owners of vehicles that had been seized by
banks for defaulting on EMI payments or those against which recovery notices had been
issued could also request the waiver.
The applicants will have to pay a Rs 1,000 fee and will have one month to request the waiver.
The vehicle owners can pay the pending taxes in three instalments without any penalty.
To revive the ailing transport industry, the Uttar Pradesh government has decided to waive
the penalty for late payment of commercial vehicle (CV) taxes. During the pandemic, the
industry had been hit due to the restrictions on the movement of CVs. The move will help CV
owners that were registered before April 1, 2020.
L Venkateshwar Lu, Principal Secretary, Transport Department, issued a notification saying
that the owners of CVs whose cases for defaulting on tax payments were pending in court
could apply for the waiver and withdrawal of the petitions.
CV owners pay quarterly taxes to the transport department, ranging from Rs 15,000 to Rs
40,000. The department charges a 5% compound interest for failure to pay the taxes in time.
About 50,000 commercial vehicles 鈥� 16,000 in Noida, 23,000 in Ghaziabad, and 11,000 in
Bulandshahr and Hapur 鈥� had not cleared their taxes so far. In total, the RTO will waive Rs
183 crore with this move.
The government notification also clarified that the owners of vehicles that had been seized by
banks for defaulting on EMI payments or those against which recovery notices had been
issued could also request the waiver.
The applicants will have to pay a Rs 1,000 fee and will have one month to request the waiver.
The vehicle owners can pay the pending taxes in three instalments without any penalty.
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