The tax payable under section 9 of the Act in respect of the Vehicle which has been altered so as to make it liable to pay higher amount of tax than that has been paid, will be computed as follows :- The Taxation Officer will compute the tax in accordance with the provisions of the Act, the amount of tax payable on the vehicle if so altered for the period commencing on the day of which the vehicle has been altered and ending on the last day of the period for which the tax has been paid previously to the alteration in like manner as if the tax became first payable on the date of alteration. He will than deduct from tax so computed an amount equal to 1/12 of the annual rate at which the tax has already has been paid, for every complete month in respect of which he has computed the tax at the higher rate.]
1[2[13. Alteration of Transport vehicle making it liable to lower/higher amount of tax.- Whenever a transport vehicle is altered in such a way that after such alteration, it is liable to pay lower/higher amount of tax than the tax which has been paid, then owner of the vehicle should make a declaration in form MTA and apply to the Taxation Officer for recomputation of tax of such vehicle. If the Taxation Officer is satisfied that the vehicle has been altered in such a way to make it liable to pay lower/higher amount of tax than the tax which has been paid he shall with effect from the date, assess the vehicle at appropriate lower/higher amount of tax and owner thereof shall thereupon pay with from the such date the tax as so reduced or increased.]
1. Subs. by G.S.R. 96 dated 23.2.1998, published in Raj. Gazette E.O. Part-4(C) (I) dated 24.2.1998.
2. Subs. By F.6(179)/Pari/Tax/Hqrs/2019-20/6 dated 10-07-2019 11