Chandigarh (Punjab): The Punjab Cabinet led by Chief Minister Captain Amarinder Singh on Wednesday approved the amendment of Section 3 and Schedule of the Punjab Motor Vehicle Taxation Act, 1924 (Amended) to simplify the procedure for realisation of motor vehicle tax and its refund where applicable.
According to a press release, the amendment deals with issues like the refund of lump-sum tax paid in case of a motor car or motorcycle owner shifting to another state with the vehicle and ceasing to be a resident of Punjab or transfer of ownership of the vehicle to a person having residence outside the state.
In both such cases, the refund of the lump sum tax paid shall be allowed at such a rate as may be determined by the government from time to time.
"In case a transport vehicle is registered in a State other than Punjab, such a vehicle will become liable for paying tax the moment it enters the latter at such rate, as may be determined by the government from time to time," said the release.