Karnataka Motor Vehicles Taxation (Second Amendment) Bill, 2024

Dec 18, 2024 | by TeamLease RegTech Legal Research Team

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Finance & Taxation ComplianceThe Government of Karnataka on December 12, 2024, issued the Karnataka Motor Vehicles Taxation (Second Amendment) Bill, 2024, to further amend the Karnataka Motor Vehicles Taxation Act, 1957.

The following has been stated namely: -

• In section 3A, after sub-section (1A), a new sub-section shall be inserted, namely:- “(1B) In Addition to the existing cess of the tax levied under section 3 on the Motor Vehicles registered under the provisions of the Motor Vehicles Act, 1988 (Central Act 59 of 1988), additional cess of Rupees Five Hundred for two wheeler and Rupees One Thousand for Motor Cars shall be levied and collected on the non-transport vehicles at the time of registration for the purpose of the Karnataka Motor Transport and other Allied Workers Social Security and Welfare Fund.

[Notification no. - LA Bill No. 50 of 2024]


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