Srinagar: The Kashmir Trade Alliance (KTA) Monday demanded the exemption of token tax that is being asked @ 9% on the invoice amount of the vehicle.
“The actual roadblock that is stopping the common masses from re-registering their outside vehicles in J&K is huge amount of token tax to be paid again at the time of re-registration despite of the fact that one time token tax has been already paid to the actual registered State/UT,” KTA said in a statement.
“Government should only charge a nominal re-registration fee from these vehicles as it used to be before,” KTA president Ajaz Shahdhar said, adding that most of the outside registered vehicles will be re-registered to J&K if the token tax is exempted.
“The government should exempt the token tax so that all outside registered vehicles are re-registered at the earliest,” he said. (KNO)