Luxury tax not applicable for small vehicles – Ministry

Luxury tax not applicable for small vehicles – Ministry

The Finance Ministry announced that the luxury tax imposed on motor vehicles will not be applicable to small motor vehicles.Issuing a statement yesterday (29) the ministry said that vans, cabs, double cabs, motorcycles, and three-wheelers will not be subjected to this luxury tax. Previously, double cabs were levied under the luxury tax, but it will be removed from 1 November.