+
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

Shriram Properties Launches ‘Codename: The One’ in Bengaluru

Shriram Properties (SPL), a leading real estate developer focused on the mid-market and mid-premium segments, has announced the launch of its latest residential project under the banner “Codename: The One” in Bengaluru’s Electronic City corridor. This feature-rich gated community will offer 340 spacious 2- and 3-BHK residences, with a total saleable area of approximately 5 lakh square feet and an estimated revenue potential of over Rs 3.5 billion. The project is expected to be developed over a span of more than three years.  Strategically located near the Bommasandra Metro stat..

Next Story
Resources

India Warehousing Show 2025 Closes with Strong Global Presence

The 14th edition of the India Warehousing Show (IWS) 2025 concluded successfully at Yashobhoomi (IICC), Dwarka, drawing participation from over 300 exhibitors across 15 countries and welcoming 15,000+ visitors. Recognised as India’s leading platform for warehousing and logistics excellence, IWS 2025 offered a comprehensive display of cutting-edge automation, sustainable warehousing solutions, and next-gen supply chain technologies. The show was inaugurated by Shri Pankaj Kumar, Joint Secretary – Logistics, DPIIT, Ministry of Commerce and Industry, Government of India. In his opening a..

Next Story
Equipment

MHIET Launches 450kW Gas Cogeneration System with H₂ Co-Firing

Mitsubishi Heavy Industries Engine & Turbocharger (MHIET), part of the Mitsubishi Heavy Industries Group, has launched a new 450kW gas cogeneration system, the SGP M450, jointly developed with Toho Gas Co.,. The system supports hydrogen co-firing at up to 15 vol per cent, with no loss in performance or reliability.  The system is currently available in the Japanese market, and has been developed from the existing GS6R2 city gas engine platform. Key modifications were made to the fuel gas and engine control systems to enable hydrogen co-firing.   Verified through de..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?