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Prepare to pay more while registering you new car in Maharashtra

Prepare to pay more while registering you new car in Maharashtra

Snapshot: The light goods vehicles will have to pay 4 percent extra tax, while medium and heavy goods vehicles will have spend either 2 percent of the one-time tax or 10 percent of the yearly tax. New private vehicles owners will have to spend 2 percent extra.

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Recently the Maharashtra government has decided to levy an extra 2 percent tax, on the registration of new cars from 24th October. This extra 2 percent tax will go to the ‘road safety fund’, which will help to improve the overall road safety and it would help to take various actions including preventive measures against road fatalities. 

According to the state transport commissioner Praveen Gedam, The government has defined various categories under which the government will levy this cess. It will be collected with the objective of raising a fund that can be used for road safety measures and to prevent fatalities. 

The light goods vehicles will have to pay 4 percent extra tax, while medium and heavy goods vehicles will have spend either 2 percent of the one-time tax or 10 percent of the yearly tax. New private vehicles owners will have to spend 2 percent extra, but commercial vehicles such as auto rickshaw and taxis will have to pay as much as 5 percent of the road tax, as per the new rule. The Maharashtra state government is hoping to raise up to as much as 150 crores by March 2017 with the help of the new taxation structure. 

According to state officials, this extra tax would help them to procure more advanced surveillance system, which includes drones and CCTV cameras to keep a vigilant eye on the roads of Maharashtra. This new fund will also help the state to make more speed breakers and arm its police force and other law enforcing authorities with speed guns, which will help to prevent accidents due to over speeding. 

Over the past half-decade an average of 64,000 accidents have taken place in the state annually, which have left 13,000 dead and 40,000 disabled people. According to statistics published by many agencies there are around 90,000 accident prone zones across Maharashtra. 

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