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Friday, 14 October 2011

In a bid to evade tax Luxury cars costs govt. 8 cr per month

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Law enforcers keep a sharp eye to get hold of vehicles that do not bear a ‘KA’, which stands for Karnataka, on their number plate. Still, when it comes to high-end cars and SUVs, authorities turn a blind-eye, unaware of the fact that almost all such luxury vehicles are registered in Pondicherry. The car buyers had to select as it saves them Rs. 8 lacs to Rs. 30 lacs by way of PY registration.

The racket has been functioning to a very large scale and caused the state exchequer, a loss of Rs. 8 lacs to Rs. 10 lacs every month. Owners of high-end luxury cars and SUVs, getting their vehicles registered in Pondicherry has become a common practice, with the primary help being lent by none other than the car dealer itself.Vcommindia News

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