Kerala Budget Slashes Tax on All India Permit Vehicles by 50%, Aims to Curb Off-Shore Registration

The Kerala state budget has announced a significant 50% reduction in taxes for vehicles registered under the All India Permit scheme. This decision is expected to discourage the practice of registering Kerala-based vehicles in other states, a move aimed at boosting the local transport and tourism sectors. Office-bearers of the Luxury Bus Owners Association Kerala have welcomed the move, stating it will provide substantial benefits to the state's public transport and tourism industries. By making local registration more attractive, the government hopes to increase revenue and support businesses operating within Kerala. This tax reduction is seen as a measure to promote fair competition and strengthen the state's economy. The initiative reflects the government's commitment to supporting its transport sector and enhancing tourism potential.

Kerala's 50% tax reduction on All India Permit vehicles aims to curb off-shore registration and boost the local transport and tourism sectors.