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Under Karnataka VAT Act input adjustment as per rule 127

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Querist : Anonymous

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Querist : Anonymous (Querist)
12 February 2010 Whether Excess input tax under KVAT act can be adjusted against the tax payable under Karnataka tax on Entry of Goods Act 1979?clarification required on applicability of Rule 127 of KVAT Rules 2005.
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CA. B.SRINIVASULU

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CA. B.SRINIVASULU (Expert)
13 February 2010 Yes. The entry tax liability can be adjusted against input benefit if avaialble.

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