To bail out transport sector, Punjab cuts tax rate

To bail out transport sector, Punjab cuts tax rate

Chandigarh, June 1

To bail out the transport sector that are facing a financial crisis in view of the extended lockdown, Chief Minister Capt Amarinder Singh on Monday ordered reduction in the tax rate from Rs2.80 to Rs2.69 per km per vehicle per day.

He also directed the Transport Department to allow transport vehicle owners to pay tax arrears by June 30 without penalty and interest.

“As thousands of people earn their livelihood from the transport sector directly or indirectly, these steps will help alleviate some of their sufferings in the times of crisis,” the CM said, adding that suspension of the bus service following the lockdown had resulted in financial losses to the operators of non-AC buses.

Meanwhile, Principal Secretary (Transport) K Siva Prasad said the decision of reducing the tax rate was aimed at providing relief to the stage carriage buses so that they may come out of the crisis. “The move will protect the interests of workers employed in the transport sector,” he added. — TNS

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