Act No.13/2003 w.e.f. 1.8.2003 has introduced several new taxation slabs . One among them is revision of tax for Educational Institution vehicles at Rs.150/- per seat per quarter.
Subsequently the Supreme Court in a special leave petition filed by various schools and colleges and their associations has ordered interium stay in so far as the arrears of tax is concened. Govt have introduced Act No.9/2007 thereby reducing the tax to Rs.50/- per seat per quarter to schools and Rs.100/- per seat per quarter to colleges.The Supreme Court in its order has stated that tax at the new rate to be collected from Dec.2006 onwards.
The Transport Commissioner has in a circular 11/2007 has issued guidelines for collection of arrears of tax prior to Dec.2006.
The stay order for collection of arrears of tax is applicable to the associations which filed the suit. If any educational institution is a memeber of such association then the school / college also gets the benefit of the stay order. In other words the schools/colleges which are members of the associations that filed the writ in the supreme court are covered by the stay order.
In other cases the arrears has to be collected.
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