For the first time, owners of community halls, auditoria of hotels and pandals erected on open spaces to facilitate holding of cultural and social activities, including marriages, would have to pay luxury tax of 10%, which would yield annual revenue of Rs 1 crore. The two per cent hike in taxes to 5% from the existing 3% charged on motorcycles and small cars would yield extra revenue of Rs 40 crore. Be-sides, the payment of tax for registration of heavy vehicles has also been changed. Now owners of heavy vehicles weighing less than three tonne would make one-time payment of tax.
The tax structure on vehicles weighing more than three tonnes has been graded into three categories.
Source: The Times of India