Punjab Makes Vehicle Registration Simple
The Punjab government introduced a new policy of vehicle registration. Now vehicle owner can register their vehicles in any city of Punjab. There are no restrictions that you can register your car only in the resident city or district There is no compulsion for the vehicle owner to register their cars in town or district of their homes.
Now, Punjab residents are not allowed to register their vehicles in other provinces, especially in Islamabad. The Excise and Taxation Department has the authority to cancel the registration of vehicles that are registered in areas other than Punjab.
The reason for the compulsion of registration in Punjab is to keep the tax revenue in Punjab. So, this revenue is utilized for making developments in Punjab.
Key Highlights of New Restrictions
Ban on off-province Registration
A resident who owns CNIC of Punjab are not allowed to register their cars in other provinces, particularly in Islamabad.
Authority of cancellation of Registration
The Excise and Taxation Department holds the authority to cancel the registration of vehicles from other provinces if they belong to Punjab.
Retention of tax revenue in Punjab.
The main reason for the revised policy for the implementation of registration is to keep the revenue generated from taxes in the province to utilize in reforming Punjab.
Penalties for off-province Registration
The government controls off-province registration by using NADRA district codes. Car owners who do not obey the new policy for vehicle registration will face penalties when they attempt to re-register their vehicles in Punjab.
Reason for implementation of car registration restrictions
Revenue remains in the province
Taxes generated from vehicle registration must be returned in Punjab. So, the Punjab government used these revenues in reforming different sectors for the benefit of the residents of Punjab.
Preventing tax invasion
People usually register their vehicles in federal areas to get relaxation in tax amounts. Punjab wants to keep their revenue in Punjab. This activity of vehicle registration in other areas resulted in a significant loss of tax revenue.
Reforming public service
This policy helps in retaining revenue generated from vehicle registration in Punjab. These help the government in reforming different beneficial projects for residents of Punjab.
Steps to Register Car Under the New Policy
Conclusions
In the end, The Punjab government has worked hard to make a policy that requires people who live in Punjab to register their cars within the province. The goal of this plan is to collect local taxes and put the money into projects that will improve Punjab. The government wants to use these funds to improve infrastructure, healthcare, and education, which will eventually make people’s lives better. In addition, this policy effectively stops people from not paying their taxes and makes sure that money is used to help the province grow and succeed.
