The Government of Gujarat on August 25, 2023, issued a notification to exempt the Motor Vehicles registered against submission of “Certificate of Deposit” from the payment of Motor Vehicle Tax.
The following conditions for computing the tax concession are as stated:
• Tax concession shall be granted at the time of payment of lump sum tax for the vehicle specified under the Second Schedule or as the case may be Third Schedule of Gujarat Motor Vehicle Tax Act, 1958.
• Tax Exemption granted in two equal instalments against the tax paid for the vehicles specified in the First Schedule as follows:
o The First instalment would be granted at the time of completion of one year from the date of registration.
o A second instalment would be granted at the time of completion of one year from the date of the first instalment of concession
• Eligibility of concession shall be subject to the condition that no tax is outstanding at the time of determination of concession.
• Concession shall be available against the purchase of the same category/class of vehicle.
• Tax concession shall be subjected to the conditions as specified in rule 51A of the Central Motor Vehicles Rules, 1989.
o Tax concession as specified above shall be available for up to 8 years of the transport vehicle.
o Tax concession as specified above shall be available for up to 15 (fifteen) years for the non-transport vehicle.
• Tax concession shall not be granted if the vehicle purchased against COD (Certificate of Deposit) is exempted from the tax.
Please find the table attached to the document below.
[Notification No. GH/PT/MVD/2023/15/MVD/102021/1806/GH]
