Shillong | Oct 29, 2018:
The Meghalaya Cabinet has approved the proposal of the Transport department to increase the “one time tax” on the various category vehicles.
“We have decided to increase the one time tax to 4 percent on vehicles whose original cost is upto Rs 3 lakh,” Deputy Chief Minister, Prestone Tynsong told reporters after the cabinet meeting here today.
Tynsong also informed that they have decided to increase the one time tax to 6 percent on vehicles costing Rs 3 lakh and above adding that the one time tax on vehicles costing between Rs 15 to Rs 20 lakh has been increase to 8 percent.
“The one time tax on vehicles costing over Rs 20 lakh has been increase to 10 percent,” the Deputy Chief Minister said adding that the last enhance was done way back in 2011.
Replying to a query, Deputy Chief Minister said that the annual revenue will increase by Rs 22 to Rs 23 crore in view of the increase of the tax on vehicles.
Setting up of two-member committee in MSERC
Meanwhile, the Cabinet also approved the proposal of setting up of the two members commission in the Meghalaya State Electricity and Regulatory Commission (MSERC).
It may be mentioned that the Supreme Court recently directed the various State Governments across the country to constitute the committee with the retired Chief Justice or judges of the High Court or retired judges of the District as a member.
“We have constitute this committee in according with the directive of the court,” he said.
Enhancement of fees of organising events in the State
Further, the Cabinet accepted the proposal of the Taxation department to enhance the fees charge from the organisers for holding of various events in the State.
As per the proposal submitted by the Taxation department, Tynsong said that the Government will charge a fees of Rs 25,000 per day for events which has crowd of 2000 and above.
He said that the Government at the same time will charge fees of Rs 20,000 per day for event with less than 2000 crowd per day.
“The Government also decided to introduce a new slap to be known as “Super Mega Event” where it will charge a fees of Rs 1 lakh per day for an event which has a crowd of more than 5000,” he added.
Meanwhile, the Cabinet also approved the proposal of renaming the Sericulture and Weaving department as Department of Textiles.