Luxury vehicle registration: One-time settlement till April
Thiruvananthapuram: Finance Minister Thomas Isaac on Friday announced a one-time settlement for vehicle owners who have registered their vehicles in Puducherry or other states in order to evade tax. They can avert legal action by paying penalty for such vehicles plying in Kerala before April 30.
If they fail to pay the penalty even after the amnesty period, the government will proceed with punitive measures including seizing their vehicles. Isaac said the government decided to announce amnesty after learning that many people are reluctant to report their vehicle tax evasion fearing criminal proceedings.
Isaac said the government expects an additional revenue of Rs 100 crore through one-time settlement. Vehicle owners who have paid their tax for 5 years, instead of paying the tax for 15 years in one go, have to remit the remaining tax amount for 10 years in five tranches.
It was an expose by Mathrubhumi News that brought the vehicle registration fraud into light.