Maharashtra's revised one-time tax structure effective July 1...

Maharashtra's revised one-time tax structure effective July 1 increases the tax cap from Rs 20 lakh to Rs 30 lakh, making high-end vehicles significantly costlier. Petrol cars above Rs 20 lakh now attract 13% tax versus previous 12%, while diesel cars face 15% versus 14%. CNG/LNG vehicles incur 1% additional tax across all brackets. Goods carriers including pickup trucks and construction vehicles face 7% price-based taxation replacing the previous weight-based system, substantially increasing costs from approximately Rs 20,000 to Rs 70,000 for vehicles around Rs 10 lakh. Company-registered and imported vehicles attract flat 20% tax. Electric vehicles remain exempt from taxation under the revised structure.