UP waives fine on late payment of CV tax
Equipment

UP waives fine on late payment of CV tax

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 — 16,000 in Noida, 23,000 in Ghaziabad, and 11,000 in Bulandshahr and Hapur — 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 — 16,000 in Noida, 23,000 in Ghaziabad, and 11,000 in Bulandshahr and Hapur — 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.

Next Story
Real Estate

India's first AI-integrated campus announced in Noida

Yashoda Hospital and Bhutani Infra have announced plans to develop India’s first fully AI-integrated mixed-use campus in Greater Noida West. The upcoming project will feature a hospital, retail spaces, offices, SOHOs, serviced apartments, and a hotel—all operating within a self-learning, generative AI-powered ecosystem.The AI-first campus will integrate real-time data systems, predictive analytics, and adaptive infrastructure to offer personalised experiences across functions. From AI-enabled footfall tracking and dynamic energy optimisation to smart F&B and retail insights, the develo..

Next Story
Real Estate

New Mall Supply to Touch 1.54 Bn Sq. Ft. by 2026 in Top Cities

Häfele has introduced its new Matrix range of undermount runners, designed to enhance drawer motion across kitchens, wardrobes, bathroom units, and more.Available in four weight capacities and a wide range of lengths, the Matrix undermount runners support diverse drawer designs. The 40 kg and 60 kg variants feature synchronised technology for superior motion and drawer stability. All runners come with an integrated soft-close mechanism to ensure smooth and noiseless operation.This in-house range is ideal for kitchen cabinets, bed storage units, living room furniture and bathroom drawers, offe..

Next Story
Infrastructure Urban

Postal Dept Unveils Stamp Honouring 125 Years of Kodaikanal Observatory

The Department of Posts is proud to release a commemorative postage stamp celebrating 125 years of the Kodaikanal Solar Observatory (KSO). Recognising the legacy of the KSO through this special stamp is a fitting tribute to one of India’s most significant scientific institutions and highlights the nation’s long-standing contribution to global science.The Commemorative stamp was released by S Rajendra Kumar, Chief Postmaster General, Karnataka Circle in the gracious presence of A S Kiran Kumar, Chairperson, Governing Council, IIA and Former Chairman, ISRO and other esteemed guests at Indian..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?