THE KARNATAKA MOTOR VEHICLES TAXATION (SECOND AMENDMENT) ACT, 2012
(Received the assent of the Governor on the Third day of August, 2012)
KARNATAKA ACT NO 29 OF 2012
(First Published in the Karnataka Gazette Extra-ordinary on the Fourth day of August, 2012)
An Act further to amend the Karnataka Motor Vehicles Taxation Act, 1957.
Whereas it is expedient further to amend the Karnataka Motor Vehicles Taxation Act, 1957 (Karnataka Act 35 of 1957) for the purposes hereinafter appearing;
Be it enacted by the Karnataka State Legislature in the sixty-third year of the Republic of India as follows:-
1. Short title and commencement:- (1) This Act may be called the Karnataka Motor Vehicles Taxation (Second Amendment) Act, 2012
(2) It shall be deemed to have come into force with effect from 1st day of April, 2012.
2. Amendment of section 3.- In the Karnataka Motor Vehicles Taxation Act, 1957 (Karnataka Act 35 of 1957), (hereinafter referred to as the Principal Act), in section 3, in sub section (1), in the fourth proviso, in clause (d), for the words "ten lakhs", the words "fifteen lakhs" shall be substituted.
3. Amendment of section 4.- In section 4 of the principal Act, in sub-section (1), in the third proviso, for the words "Rupees ten lakhs", the words "Rupees fifteen lakhs" shall be substituted.
4. Amendment of the Schedule.- In the schedule to the principal Act,-
(i) in Part-A8, in the heading, for the words "which exceeds Rupees ten lakhs", the words "which exceeds Rupees fifteen lakhs" shall be substituted;
(ii) in Part-C7, in the heading, for the words and figures "which exceeds Rs.10 lakhs", the words "which exceeds Rupees fifteen lakhs" shall be substituted.
5. Savings.- Where in respect of any Motor Cabs the cost of which exceeds Rupees ten lakhs but does not exceed Rupees fifteen lakhs,-
(a) lifetime tax has been paid from 1st day of April, 2012 till the date of publication of the Karnataka Motor Vehicles Taxation (Second Amendment) Act, 2012 in the official Gazette shall be entitled for refund subject to the payment of quarterly tax.
(b) tax was due prior to the 1st day of April 2012, but has not been paid, such tax shall be collected at the rates prevailing prior to such day alongwith the penalty due, if any.
(c) lifetime tax was due after 1st day of April, 2012 but has not been paid such tax shall be collected alongwith the penalty.
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