Entry Tax - STP unit
This query is : Resolved
18 August 2008
Ours is a 100% EOU registered under STP Scheme and operating from Feb 2005 in Karnataka. We are importing capital goods from different countries and would like to know whether this will attract Entry Tax under the The Karnataka Tax on Entry of certain Goods AND
under The Karnataka Special Tax on Entry of Certain Goods Act, 2004.
under The Karnataka Special Tax on Entry of Certain Goods Act, 2004.
18 August 2008
You can get the answers from the following website
http://www.blr.stpi.in
or otherwise you can contact the following telephone no.
+91-80-66186000 to 007,28520959 to 963
or through email
bdg@blr.stpi.in
http://www.blr.stpi.in
or otherwise you can contact the following telephone no.
+91-80-66186000 to 007,28520959 to 963
or through email
bdg@blr.stpi.in
24 August 2008
Dear Sir,
With regards to imports of Karnataka Tax on Entry of Goods, u are liable for 2% entry tax on import of machineries (though the department cannot levy the same, but will harass and demand this liability). With regards to goods taxable under Special Entry Tax, the act is struck down by the Hon'ble Karnataka HC. However as precaution, please make necessary disclosures in your VAT return.
With regards to imports of Karnataka Tax on Entry of Goods, u are liable for 2% entry tax on import of machineries (though the department cannot levy the same, but will harass and demand this liability). With regards to goods taxable under Special Entry Tax, the act is struck down by the Hon'ble Karnataka HC. However as precaution, please make necessary disclosures in your VAT return.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Inventory of finished goods
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- GST Regis.
- Sale of property furniture sale
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Disallowance of Section 43B(h) to sez units
- Confusion around Form 26QB fields
- Tds on building rent monthly
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- RCM INVOICING FROM NOV-2024
- As per schedule III of balance sheet how to pass journal entry
- Is correct way to find out capital of individual on 31st March
- Individual capital equal to which assets of balance sheet
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
Trending Online Classes
CAclubindia
