Mizoram govt increases tax on all vehicles

The Mizoram government has raised the tax on all vehicles and fixed it at six per cent of the cost with a compulsory payment of life-time (15 years) payment.
A notification issued by the state transport department said that the six per cent tax would be payable on ex-showroom rate (before payment of the value added tax).
The decision follows the instructions of the Centre's Transport Development Council to all states to implement the new tax regime at the rate of minimum six per cent of the rate of vehicle.
Mizoram assembly has already amended the Mizoram Vehicles Taxation Act, 1995 last year authorising the state government to hike the tax on vehicles.

The state government also revised and hiked the passengers and goods tax for which the notification was issued today.