CABINET EXEMPTS VEHICLES CARRYING THE PARKASH OF RELIGIOUS SCRIPTURES FROM MOTOR VEHICLE TAX
Chandigarh, October 21-
In a bid to pay great reverence and respect to the sacred Religious Scriptures of every religion, the Punjab Cabinet led by Chief Minister Bhagwant Mann on Friday gave its nod to exempt especially designed vehicles for carrying the Parkash of Religious Scriptures of different religions in the state from Motor Vehicle Taxes (MVT).
A decision to this effect was taken in meeting of council of Ministers held here under the chairmanship of Chief Minister at Punjab Civil Secretariat.
Disclosing this here today, a spokesperson of the Chief Minister’s Office said there are around 25,000 such vehicles in the state which are being used for carrying the Parkash of Religious Scriptures for religious ceremonies or religious events. The MVT under section 13 (3) of Punjab Motor Vehicle Taxation Act, 1924 of such vehicle is around Rs. 10,000 per annum. However the state government has decided to exempt these vehicles from the tax which is likely to cause a financial implication/relief of about Rs. 20 crore to Rs 25 crore to the Government.
The spokesperson further said that the Cabinet decided to grant exemption for these vehicles in view of the Nagar Kirtans/ Harinaam performed by various religious organizations which provides act as a catalyst to promote ethos of communal harmony, peace and brotherhood. Such religious ceremonies and events strengthen the social fabric in the state. However, as the religious institutions using these vehicles run only with donations and do not have any separate income. This exemption has been given on specially designed Motor Vehicles used in their religious ceremonies or religious events to provide a lot of financial relief to all religious organizations. They will be able to run these vehicles smoothly.
Radio City, a trailblazer in vibrant music and engaging content, is thrilled to announce its…
Max Life Pension Fund Management Limited("Max Life PFM" / "Company") has laid out its roadmap…
Assert AI, India's largest Computer Vision SAAS company, proudly announces the successful closure of its…
Zupee unveiled its latest campaign, 'Extra Winnings,' featuring the renowned duo Harbhajan Singh and Jatin…
As the IPL 2024 season reaches its midpoint, cricket lovers are captivated by the remarkable…
Leading Real Estate Consultancy Firm Rise Infraventures Ltd. announced that it has achieved massive gross…