West Bengal announces big tax breaks for commercial vehicle owners

Kolkata, June 11 The West Bengal government on Tuesday announced big discounts ranging from 15 percent to 40 percent on the tax paid by commercial vehicle owners.

According to a notice from the state Department of Transportation, any commercial vehicle owner who pays for three years in advance will receive a 15 percent discount on the total amount he or she has to pay during that period.

The discount percentage is increased to 30 percent when paying input tax for five years and to 40 percent for ten years.

“The rebate offer will encourage many commercial vehicle owners to pay the input tax, which will increase the national coffers,” a senior Transport Department official said.

According to him, a proposal to offer a discount on advances was passed in the state assembly earlier this year. However, due to a behavioral model in the wake of the recently concluded Lok Sabha elections, the department could not issue any notification regarding this count.

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