The Government of Karnataka on June 21, 2023, issued a notification with regard to Karnataka Motor Vehicles Taxation Act, 1957.
It is hereby directed that a tax of Rs.5,000 +11% cess (i.e., Rs. 5000+550=Rs. 5,550/-only) per annum, per vehicle irrespective of the laden weight of the vehicle shall be levied under the Karnataka Motor Vehicles Taxation Act, 1957.
The conditions are as follows namely:
•The tax shall be paid in advance in one lump on or before the 15th of April of every year, failing which an additional sum of Rs.100/- (rupees one hundred) for each calendar month or part thereof shall be paid as a penalty in addition to the said tax.
• Goods vehicle covered by countersignature of permit on and from the date of Publication of this notification in the Official Gazette shall pay bilateral tax at the rate of 1/12th Annual Tax for each calendar month or part thereof for the balance of the year.
• The amount shall be paid by crossed demand draft drawn in favour of the secretary, Karnataka State Transport Authority, Bangalore.
• No refund of tax shall be allowed under any circumstances.
• No separate tax shall be payable in respect of a vehicle replaced by another Vehicle during the financial year for which tax is already paid.
• The countersignature permit shall be valid only for the period for which the tax is paid under this notification.
This notification shall be effective from June 21, 2023.
[Notification No. TD 02 TDR 2023]
