Vehicles registered before 2003 to get 75% tax cut if scrapped

The authorities authorities of Uttar Pradesh has announced taxation exemptions for conveyance scrapping. Vehicles registered earlier 2003 volition get a 75% taxation cut, portion those registered earlier 2008 volition person a 50% taxation exemption if they are scrapped.

As per the govt. order, diesel vehicles registered successful NCR districts betwixt 2008 and 2013, tin besides avail of the 50% taxation exemption. These benefits volition beryllium valid for 6 months starting September 11, 2024, to March 10, 2025.

Additionally, the authorities volition besides waive penalties for non-payment of dues if the vehicles are scrapped astatine a registered Vehicle Scrapping Facility Centre. It is said that determination are astir 1.5 lakh end-of-life vehicles, which see 25,000 commercialized vehicles that person not cleared their dues.

The determination is aimed astatine reducing aerial contamination successful NCR. The National Green Tribunal (NGT) has already banned diesel vehicles older than 10 years and petrol vehicles older than 15 years from plying successful the region.

Source: ET Auto

Link to Team-BHP News

Cut connected what benignant of Tax - I don't deliberation UP is allowing 75% disconnected connected GST! It has to beryllium RTO which varies betwixt 8-12% present oregon is Zero connected Hybrids/ Electricals.

75% of 10% of the conveyance costs is little than 8% of the wide conveyance costs!

Quote:

Originally Posted by Turbanator

Cut connected what benignant of Tax - I don't deliberation UP is allowing 75% disconnected connected GST! It has to beryllium RTO which varies betwixt 8-12% present oregon is Zero connected Hybrids/ Electricals.

75% of 10% of the conveyance costs is little than 8% of the wide conveyance costs!

Isn't that bully worth for a 20+ twelvemonth aged vehicle? Plus immoderate is the scrap worth AND past dues. Makes up for the outgo of the conveyance rather good - I deliberation this is simply a lucrative capable plan. The contented is that replacement outgo of vehicles has go excessively precocious - and leads to important inertia to alteration vehicles. More truthful adjacent for commercialized vehicles.

Quote:

Originally Posted by Annibaddh

Isn't that bully worth for a 20+ twelvemonth aged vehicle? Plus immoderate is the scrap worth AND past dues.

For NCR residents including parts of UP, we cannot thrust immoderate vehicles beyond 10 Years. So, not definite if radical are holding their cars. For different places, arsenic you person mentioned, volition alteration mostly upon the worth of the Car you are buying. I don't deliberation we volition get thing meaningful oregon astatine all, alternatively whitethorn person to wage to get the certificate arsenic with thing else

Here's what I got from Chandigarh a fewer months back, wherever we person had this argumentation for a portion (25% savings positive immoderate shaper rebate- not definite wholly astir that)

1st October 2024, 11:38	#4
BHPian Join Date: Feb 2012 Location: Mumbai Posts: 263 Thanked: 615 Times	Re: Vehicles registered earlier 2003 to get 75% taxation chopped if scrapped Quote: Originally Posted by Turbanator Cut connected what benignant of Tax - I don't deliberation UP is allowing 75% disconnected connected GST! It has to beryllium RTO which varies betwixt 8-12% present oregon is Zero connected Hybrids/ Electricals. 75% of 10% of the conveyance costs is little than 8% of the wide conveyance costs! Isn't that bully worth for a 20+ twelvemonth aged vehicle? Plus immoderate is the scrap worth AND past dues. Makes up for the outgo of the conveyance rather good - I deliberation this is simply a lucrative capable plan. The contented is that replacement outgo of vehicles has go excessively precocious - and leads to important inertia to alteration vehicles. More truthful adjacent for commercialized vehicles.
	(4) Thanks

Vehicles registered before 2003 to get 75% tax cut if scrapped

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