WB waives off road tax, offers stamp duty rebate for FY22

The West Bengal government has waived off road tax on passenger transport vehicles and proposed a rebate on stamp duty as it tabled a Rs 3.08 lakh crore Budget in the assembly for fiscal 2021-2022. Partha Chatterjee, State Industry Minister, who placed the vote-on-account in the house in February, said that the government has decided to prolong the one-time exemption of motor vehicle tax from 1 July, to 31 December, while presenting the Budget. The government also offered to decrease stamp duty by 2% for registration of deeds, while the circle rate was slashed by 10%. As the finance minister is indisposed because of being ill, Chatterjee presented the Budget. The minister said that an interest rate of 4% would be charged as a part of subvention, talking about the student credit card scheme launched on June 30, while the government will bear the rest. The Budget speech was further critical of the increase in fuel prices in the country. Image Source Also read: Pune civic body urges govt to release stamp duty revenue share Also read: Bengaluru Development Authority doubles property tax