Entry tax
This query is : Resolved
08 November 2010
Under Karnataka VAT Act, Whether entry tax on capital equipment can be taken as input tax credit against my output tax liability on VAT.
09 November 2010
No the vat act of Karnataka, does not permit such adjustments.
This is basically to be borne by the purchaser in lieu of octroi.
This is a sort of Municipal levy, and is collected by Vat authorities.
The revenue is meant for Municipal corporation.
This is basically to be borne by the purchaser in lieu of octroi.
This is a sort of Municipal levy, and is collected by Vat authorities.
The revenue is meant for Municipal corporation.
Message likes :
1 times
12 November 2010
You can't do like as per your request. generally there is no claim for capital goods purchase / sales.
Message likes :
1 times
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
- Is this income indian or foreign income?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- TDS U/S. 194NF
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Donation Receipt u/s 80G
- MIS MATCH OF INVOICE NUMBER
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
Trending Online Classes
CAclubindia
