entry tax

This query is : Resolved 

19 August 2010 I have query regarding entry tax

I have vat credit in my return now, I have to pay entry tax,
so my question is can i pay entry tax after adjusting my vat credit.


19 August 2010 Entry tax is with regard to which State are you talking about.

But in most of the States, Entry tax is to be paid and cannot be adjusted from excess VAT input tax credit. You need to maintain separate account for provisional deposits and payments in your books for keeping track of the same.

This is for your info.

Balu



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