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The Maharashtra Motor Vehicle Tax (Amendment) Act, 2025 has come into effect from July 1, and the revised tax rates for most vehicles means that buying a new car in the state has become more expensive. The amendment to the Maharashtra Motor Vehicle Tax Act, 1958 will significantly impact new buyers of CNG cars, luxury models and commercial vehicles, among others, as the one-time tax, which is calculated based on a price cap, has increased from Rs 20 lakh to Rs 30 lakh. While a 6 percent tax (ca ...Read More >
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