The State Government of Himachal Pradesh has issued the Himachal Pradesh Motor Vehicle Taxation (Amendment) Bill, 2020 on 17th October 2020.
As per the amendment, there shall be levied, charged, and paid to the State Government, a tax on:
- Motor cabs or maxi cabs which can be converted as personal motor vehicles.
- Motor vehicles initially registered in any other State but being moved permanently to the State of Himachal Pradesh to be registered here for the first time.
- Private Service Motor Cabs or Construction equipment vehicles already registered and paying tax on an annual basis for the remaining period of fifteen years, at the rates, as may be specified by the State Government, by notification, subject to maximum fifteen percent of the price of such motor vehicles to be determined by the taxation authority after deducting eight percent depreciation per annum from the original price of the motor vehicle.
