Vehicles get dearer as Telangana RTA raises taxes
2 years, 7 months ago

Vehicles get dearer as Telangana RTA raises taxes

Deccan Chronicle  

Hyderabad: The Telangana State Road Transport Authority has increased life tax and green tax amounts, which will be an additional Rs 400 crore burden on those purchasing new vehicles. It is 13 per cent on vehicles priced below Rs five lakh, 14 per cent on above Rs five lakh, 17 per cent on above Rs 10 lakh while there will be an 18 per cent increase on vehicles above Rs 20 lakh. Shaik Salauddin, president of Telangana Four Wheeler Drivers Association said “the transport department has increased rates on fitness, green and life taxes and other RTA services. The state government is looting the common man and that too without any intimation.” Meanwhile, a cab driver, Vadda Narsimha, cautioned “if taxes are increased, then we shall increase our fares.”

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History of this topic

2% Additional Tax For Acquiring 'Second Vehicle' Can't Be Levied When First Vehicle Has Already Been Sold: Telangana High Court
2 weeks, 5 days ago

2% Additional Tax For Acquiring 'Second Vehicle' Can't Be Levied When First Vehicle Has Already Been Sold: Telangana High Court

Live Law  

The Telangana High Court recently set aside Moosarambagh RTO's direction imposing 2% additional tax on a resident's purchase of a Mahindra XUV 700 car by labelling it to be his 'second vehicle'. Justice Nagesh Bheemapaka clarified that the additional tax on a second vehicle is applicable only if an individual owns two vehicles at the time of registration of the …

Telangana committed to promote electric vehicles: Uttam Reddy
3 weeks, 6 days ago

Telangana committed to promote electric vehicles: Uttam Reddy

The Hindu  

Irrigation Minister N. Uttam Kumar Reddy reaffirmed the Telangana government’s commitment to promoting electric vehicles as part of its strategy to combat the escalating pollution crisis in urban areas. Speaking at the launch of the ‘E-Raja L-5 Segment Electric Auto,’ a ‘Make in India’ product by Rap Eco Motors, at the Administrative Staff College of India, he highlighted the urgent …

Telangana Fails to Meet Revenue Targets in First Six Months
1 month ago

Telangana Fails to Meet Revenue Targets in First Six Months

Deccan Chronicle  

Hyderabad: Telangana's revenue collection in the first six months of the financial year 2024-25 stood at Rs.1,25,989.74 crore, which is 45.97 per cent of the full year Budget estimates of Rs.2,21,242.23 crore. This marks a modest 5.28 per cent decline in revenue realisation compared to 51.25 per cent revenue collected during the corresponding period last year. Tax revenue was Rs.82,135.38 …

Telangana government announces 100% tax exemption for electric vehicles
1 month ago

Telangana government announces 100% tax exemption for electric vehicles

India Today  

The Telangana government has introduced a 100% exemption on road tax and registration fees for electric vehicles in the state. The tax exemption applies to various categories of electric vehicles, including: Two-wheelers and four-wheelers : Covering both private and commercial vehicles. Electric buses operated by the Telangana State Road Transport Corporation will receive an indefinite exemption from road tax and …

Telangana govt presents ₹2.91 lakh-cr budget, agriculture gets lion’s share
4 months, 3 weeks ago

Telangana govt presents ₹2.91 lakh-cr budget, agriculture gets lion’s share

Hindustan Times  

Telangana finance minister Mallu Bhatti Vikramarka on Thursday presented a ₹2.91 lakh crore state budget for 2024-25 in the assembly, with the total revenue expenditure expected to be ₹2.21 lakh crore and capital expenditure ₹33,487 crore, even as the Congress-led government allocated major chunk to agriculture, panchayati raj and rural development and irrigation departments. Stating that the Congress-led state government …

Telangana boosts revenue with increased focus on stamps, excise, non-tax sources
4 months, 3 weeks ago

Telangana boosts revenue with increased focus on stamps, excise, non-tax sources

New Indian Express  

HYDERABAD: With welfare and implementation of six guarantees being its focal points, the state government mainly focused on Stamps & Registration department, Excise and non-tax revenue to generate additional revenue. The income from state excise is estimated to be Rs 25,617.53 crore as against 2023-24 AE of Rs 20,298.55 crore. Though the non-tax revenue is Rs 23,819.50 crore in 2023-24, …

Telangana Budget Focuses on Infrastructure and Welfare
4 months, 4 weeks ago

Telangana Budget Focuses on Infrastructure and Welfare

Deccan Chronicle  

Hyderabad: The Congress-led State government in Telangana on Thursday presented Rs.2.91 lakh crore budget for the financial year 2023-24 with more special focus on infrastructure and welfare in the State. According to Bhatti, the global economy has recorded a growth rate of 3.2 per cent during the year 2023-24 while Indian economy has recorded a growth rate of 7.6 per …

Telangana Government presents State Budget with total outlay of ₹2.91 lakh crore
4 months, 4 weeks ago

Telangana Government presents State Budget with total outlay of ₹2.91 lakh crore

The Hindu  

The Telangana State Government has presented ₹2.91 lakh crore Budget for the Financial Year 2024-25 with emphasis on welfare and development of agriculture and allied sectors. Finance Minister Mallu Bhatti Vikramarka introduced the Budget in the Assembly on July 25 with estimated revenue expenditure of ₹2.2 lakh crore and capital expenditure of ₹33,487 crore. The Finance Minister presented the Budget, …

Truckers to vote for Congress in Lok Sabha elections
7 months, 1 week ago

Truckers to vote for Congress in Lok Sabha elections

Deccan Chronicle  

Hyderabad: The Telangana Lorry Owners Association has decided to support the Congress in all 17 constituencies for the Lok Sabha elections. Speaking exclusively to this newspaper, TLOA president Manchireddy Rajender Reddy said the decision was taken after a thorough discussion among its members and it is a vote of confidence in the leadership of Chief Minister A. Revanth Reddy. “Central …

Lorry Owners Happy as NHAI Defers Toll Fee Hike
8 months, 3 weeks ago

Lorry Owners Happy as NHAI Defers Toll Fee Hike

Deccan Chronicle  

Hyderabad: Transport vehicles owners heaved a sigh of relief after the NHAI deferred the scheduled increase in toll charges in view of the Lok Sabha elections. Transport unions, especially those representing commercial vehicles, are urging the government not to further burden them with increased toll charges. According to Manchireddy Rajender Reddy of the Telangana Lorry Owners Association, "For a multi-axle …

Telangana’s GST Revenue Sees 18% Growth in 2024
8 months, 3 weeks ago

Telangana’s GST Revenue Sees 18% Growth in 2024

Deccan Chronicle  

Hyderabad: Collections in the commercial tax department have increased in the state owing to a slew of steps taken by the department. In this milieu, among the bigger states Telangana’s GST revenue grew from Rs.4,424 crore in 2023 to Rs.5,211 crore in 2024. The 18 per cent increase is the second best among southern states after Karnataka’s 19 per cent. …

Telangana State Revenue Hits Rs 1 Lakh Crore; CAG Flags Tax Discrepancies
10 months, 1 week ago

Telangana State Revenue Hits Rs 1 Lakh Crore; CAG Flags Tax Discrepancies

Deccan Chronicle  

Hyderabad: The state’s total revenue for 2020-21 amounted to Rs 1,00,914 crore, including Rs 66,650 crore in taxes. The CAG report said a detailed scrutiny of 1,456 registered documents of stamp duty and registration fee revealed under assessment valuing of Rs 3.44 crore in 347 documents. As regards motor vehicle taxes, non-raising of demand led to non-realisation of quarterly tax …

Sluggish pace of growth in revenue receipts in Telangana continue at the end of Q3
10 months, 3 weeks ago

Sluggish pace of growth in revenue receipts in Telangana continue at the end of Q3

The Hindu  

The sluggish pace of growth in the revenue receipts in Telanganacontinued at the end of the third quarter of the current financial year with overallrevenue receipts pegged at ₹1.25 lakh crore, 57% of the ₹2.16 lakh crore projected in the budget estimates. Tax revenue has shown some improvement since the past few months reaching ₹99,693 crore, 65.37 % at the …

India’s per capita income to jump 70% by 2030, reach $4,000: Report
1 year, 4 months ago

India’s per capita income to jump 70% by 2030, reach $4,000: Report

Live Mint  

The per capita income of India is likely to grow around 70% by 2030 and is expected to reach $4,000 from current levels of $2,450, a research report by Standard Chartered Bank said. Telangana on top among states Telangana currently takes the top spot in the per capita income rankings with ₹2,75,443. However, the StanC report foresees a shift in …

15.6% growth in Telangana state GSDP
1 year, 10 months ago

15.6% growth in Telangana state GSDP

Deccan Chronicle  

Hyderabad: The GSDP of Telangana state for 2022-23 at current prices increased to Rs 13.27 lakh crore, a growth of 15.6 per cent from 2021-22, according to the Telangana Socio Economic Outlook 2023, tabled by the state government in Legislative Assembly on 06-02-2023. In 2018-21, Telangana recorded the highest SOTR growth rate amongst the GS at AAGR of 4.78 per …

Telangana presents massive budget of ₹2.9 lakh crore for 2023-24 fiscal
1 year, 10 months ago

Telangana presents massive budget of ₹2.9 lakh crore for 2023-24 fiscal

The Hindu  

The Telangana State Government has presented a massive ₹2.90 lakh crore budget for the next financial year 2023-24. The budget has projected revenue receipts to the tune of ₹2.16 lakh crore in the next fiscal, close to ₹40,000 crore higher than the current year’s revised estimates which pegged the revenue receipts at ₹1.75 lakh crore. The revenue receipts for the …

Telangana Budget Live Updates
1 year, 10 months ago

Telangana Budget Live Updates

The Hindu  

February 06, 2023 13:25 Telangana Budget 2023-24 proposes ₹4,037 crore for the Industries Department On the Revenue department, FM Harish Rao said with reforms through DHARANI portal, number of cases relating to land disputes is down to a minimum. Echoing what Industries and IT Minister tells at almost every form, FM Harish Rao says Apple, Google, Amazon, Microsoft and Facebook, …

Telangana finance minister presents 2023-24 Budget in Assembly, outlays Rs 2.90 lakh Cr expenditure
1 year, 10 months ago

Telangana finance minister presents 2023-24 Budget in Assembly, outlays Rs 2.90 lakh Cr expenditure

India Today  

Telangana Finance Minister T Harish Rao on Monday introduced the Budget in the Assembly with an expenditure outlay of Rs 2,90,396 crore for 2023-24. The Finance Commission recommended a special grant of Rs.723 crore to Telangana and an amount of Rs 171 crore towards nutrition to ensure that the tax devolution should not be less than the amount of devolution …

Marginal increase in tax devolution to TS
1 year, 10 months ago

Marginal increase in tax devolution to TS

Deccan Chronicle  

Hyderabad: The Centre's tax devolution to Telangana has witnessed a slight increase in the new fiscal over the previous fiscal, according to the Union Budget presented in Parliament on Wednesday. The Budget has put the tax devolution to Telangana at Rs 21,470 crore against Rs 19,668 crore in 2022-23. Total resources being transferred to all the states, including the devolution …

Telangana revenue collections touch Rs 1 lakh cr
1 year, 11 months ago

Telangana revenue collections touch Rs 1 lakh cr

Deccan Chronicle  

Hyderabad: The Telangana state government saw a spike in revenue collections totalling Rs 1 lakh crore this month-end, owing to a real estate boom collections from excise, and GST. The government expected total tax income at Rs 1,08,212 crore in the 2022-23 budget, a 16 per cent increase over the revised estimate for 2021-22. The data obtained from the finance …

Citizens unaware of tax rebate for scrapped vehicles
2 years ago

Citizens unaware of tax rebate for scrapped vehicles

Deccan Chronicle  

Hyderabad: Since April 1, vehicle buyers can claim up to 25 per cent rebate on road tax if they have scrapped their old vehicle and have a certificate for proof. As per the policy, a 25 per cent concession on road tax is available for non-commercial vehicles for 15 years after the purchase, while for commercial vehicles a 15 per …

Goods prices to rise as rains hit transport
2 years, 5 months ago

Goods prices to rise as rains hit transport

Deccan Chronicle  

HYDERABAD: Rains may drive up the price of commodities as 20,000 trucks and lorries remain stuck on the city’s outskirts while another 50,000 are yet to reach Telangana from other states, according to information shared by transporters’ associations. Chand Pasha, the general secretary of Telangana lorry owners’ association, said, “Due to the consistent rains over the past week, around 20,000 …

Centre sanctioned Rs 8,000 crore for highways in TS: Gadkari
2 years, 7 months ago

Centre sanctioned Rs 8,000 crore for highways in TS: Gadkari

Deccan Chronicle  

HYDERABAD: Union minister Nitin Gadkari said the Centre would take up infrastructure development by constructing national highways on par with the American road framework. He said the Centre had sanctioned Rs 8,000 crore for constructing national highways of international standards in Telangana. Addressing a gathering held in the city on Friday, Gadkari dedicated two national highways and laid the foundation …

Rise in fuel price, bus fares, power tariff hit people hard in Telangana
2 years, 8 months ago

Rise in fuel price, bus fares, power tariff hit people hard in Telangana

Deccan Chronicle  

HYDERABAD: With petrol and diesel prices reaching around Rs 110.91 and Rs 97.24 respectively, and LPG gas per cylinder crossing the Rs 1,000 mark, the public are going to face a tough time managing their monthly budget. RTC bus fares are also going up along with fuel hike, making it hard for them to consider opting for public transport. Ramesh …

Telangana RTC pushes for ticket fare hike
2 years, 9 months ago

Telangana RTC pushes for ticket fare hike

Deccan Chronicle  

Hyderabad: Amid speculation that fuel prices would be increased because of rising cost of crude oil, the state-owned public transporter TS Road Transport Corporation is lobbying for permission to increase ticket fares. RTC-Greater Hyderabad, said, “Within the city limits, there are 3,100 buses.” The RTC covers 8.5 lakh route kilometres and consumes 1.4 lakh litres of diesel a day. Sajjanar, …

Centre spending Rs 93,656 crores for Telangana roads including RRR; Kishan Reddy
2 years, 10 months ago

Centre spending Rs 93,656 crores for Telangana roads including RRR; Kishan Reddy

The Hindu  

Union Tourism Minister G. Kishan Reddy has said that Telangana got utmost priority regarding laying of new roads and it reflects with 2,483 km of national highways added in the last seven years compared to 2,511 km that existed before the Modi government assumed power. Revealing further allocations to Telangana, he said that since the new State was formed, 75 …

Electric Vehicles to be Exempted from Registration Certificate Fees in India: MoRTH
3 years, 4 months ago

Electric Vehicles to be Exempted from Registration Certificate Fees in India: MoRTH

News 18  

The Ministry of Road Transport and Highways on Tuesday said it has issued a notification to exempt battery-operated vehicles from the payment of fees for issue or renewal of registration certificate. – For two-wheelers: Rs 5,000 per kWh of battery capacity + scrappage benefits up to Rs 5,000 – For four-wheelers: Rs 10,000 per kWh of battery capacity – For …

Petrol Price Crosses Rs 100 in 19 States; Know How Much Tax you Pay to State, Centre
3 years, 5 months ago

Petrol Price Crosses Rs 100 in 19 States; Know How Much Tax you Pay to State, Centre

News 18  

Petrol and diesel prices are at all-time high in India. Some of the states that charge the highest rates of VAT are Rajasthan, Telangana, Madya Pradesh and Odisha as per data submitted by the Ministry of Petroleum and Natural Gas to Parliament on July 19. Rajasthan has the highest taxes with a 36 per cent VAT with an added charge …

Over 4 Crore Old Vehicles on Indian Roads, Karnataka Tops List at 70 Lakh
3 years, 8 months ago

Over 4 Crore Old Vehicles on Indian Roads, Karnataka Tops List at 70 Lakh

News 18  

Over four crore vehicles older than 15 years are plying on roads pan-India and fall under the ambit of green tax, with Karnataka occupying the top slot with more than 70 lakh such vehicles. Road Transport and Highways Minister Nitin Gadkari in January this year had approved a proposal to levy a ‘green tax’ on old vehicles which are polluting …

Telangana\'s GSDP at Rs 6.63 lakh crore in FY\' 20: Report
4 years, 1 month ago

Telangana\'s GSDP at Rs 6.63 lakh crore in FY\' 20: Report

Deccan Chronicle  

Telangana's real gross state domestic product has grown to Rs 6.63 trillion in 2019-20 from Rs 4.16 trillion in 2014, according to a report by Knight Frank India. This resulted in a compounded annual growth rate of 8.08 per cent, said the report. Telangana IT/ITeS exports contributed a revenue of Rs 1.25 lakh crore during the last fiscal with 18 …

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