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.

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code