💨 Abstract

In Mumbai, a bill to amend the Maharashtra Motor Vehicles Act 1958 was presented, aiming to increase vehicle tax and generate additional revenue. The bill proposes higher one-time taxes for motorcycles, tricycles, cars, and omni bus. CNG/LPG vehicles' tax will be increased by 1%, and a 7% one-time tax will be levied on construction and goods vehicles.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖