RTO taxes & Insurance premium will form Part of Sale Value under MVAT Act, 2002

In re Star motors & Other 27 Applicants (MVAT AAR Maharashtra) Q.1 Whether the One time ‘RTO Tax (Road Tax),’ required to be paid to Maharashtra Government for use of Motor Vehicle collect and paid by the dealer for the purchaser of Motor Vehicle and Insurance premium’ after registration of Motor Vehicle on the name of purchaser in the office of registration (Regional Transport office) form a part of sale price considering the provisions section 2 (24) and 2(25) and liable to tax under the provision of MVAT Act, 2002. Ans. In affirmative , A) The RTO Tax collected and Â...