Life tax to be collected on the net invoice price of the vehicle and not ex-showroom price: AP HC

Talasila Sowjanya Vs State of Andhra Pradesh (Andhra Pradesh High Court) Conclusion: The Andhra Pradesh High Court has held that life tax is to be collected from the vehicle owner upon sale based on the net invoice price of the vehicle and not the ex-showroom price of the vehicle. The life tax can be levied only on the cost of the vehicle under the 6th schedule of the A.P. Motor Vehicles Taxation Act. Facts: In present facts of the case, the Petitioner filed the writ petitions in the nature of Mandamus declaring the action of the Respondents in demanding Tax 14 percent on the net invoice price...