03 January 2013
Entry tax is levied on that product which tranfer or enter a product from-one state to another state or one District to another district,if you sale as such the prodcut not restructuring.
There is two types of entry tax are available 1) Entry on Motor Vehicles-- Motor Vehicles purchsed in other state enteres to a different State, then entry tax is leviable. THIS IS APPLICABLE ONLY FOR VEHICLES liable to be registered under Motor Vehicles Act. The tax paid in other State can be compensated or set back of taken, if the rate of tax is highter in the State where the vehicle is entring 2) Entry Tax on goods--this has been recently strucked by the apex court in the case of Jindal Strips Ltd for the reason that entry levied shgould be compensatable otherwise it can be levied
03 January 2013
Entry tax is levied on that product which tranfer or enter a product from-one state to another state or one District to another district,if you sale as such the prodcut not restructuring.
There is two types of entry tax are available 1) Entry on Motor Vehicles-- Motor Vehicles purchsed in other state enteres to a different State, then entry tax is leviable. THIS IS APPLICABLE ONLY FOR VEHICLES liable to be registered under Motor Vehicles Act. The tax paid in other State can be compensated or set back of taken, if the rate of tax is highter in the State where the vehicle is entring 2) Entry Tax on goods--this has been recently strucked by the apex court in the case of Jindal Strips Ltd for the reason that entry levied shgould be compensatable otherwise it can be levied
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