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NHAI To Not Collect Toll Tax Pan India, Demonetization Effect
NHAI has confirmed that it has extended the exemption of toll tax for vehicles till December 1, 2016. The demonetization of Rs. 500 and Rs. 1000 currency notes are the reason for the extension.
National Highways Authority of India has opted not to collect toll tax. Previously, the NHAI had decided not to collect toll tax till November 24, 2016. Indian Government's decision to demonetize Rs. 500 and Rs. 1000 is still impacting the daily functioning of individuals.
The NHAI has decided not to collect toll tax from vehicle owners till December 1, 2016. This is the fourth time NHAI has extended the exemption from toll tax collection, since the announcement of demonetization. Flow of traffic has also improved owing to exemption from toll tax collection.
High denomination notes are not being accepted in several parts. The supply of lower denomination notes and loose change is also in short supply. Unfortunately, not all are happy with this decision and would like the NHAI to extend toll tax exemption until December 30, 2016.
Truck drivers are heavily impacted by the demonetization movement. Drivers and owners are not able to withdraw enough money to take care of their daily necessities. Currently, ATMs offer only Rs. 2,000 withdrawals, while banks are allowing Rs. 24,000 withdrawal for a week.
