Srinagar: The Kashmir Trade Alliance (KTA) today 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 the huge amount of token tax to be paid again at the time of re-registration despite the fact that one time token tax has already been paid to the actual registered State/UT.
The Government should only charge a nominal re-registration fee from these vehicles as it used to be before, KTA president Ajaz Shahdhar said in a statement.
He said 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.