Entry Tax

This query is : Resolved 

29 August 2009 May i know that whether input tax credit is available on entry tax tax paid by the buyer ? If yes, Plz quote the relevant section of the act ..
Thanks !!

29 August 2009 Yes input tax credit is available on entry tax on the basis of the following rule.


As per Rule 52(1)(b) of the MVAT Rules, tax paid in respect of any entry made after the appointed day under the Maharashtra Tax on the Entry of Motor Vehicles into Local Areas Act, 1987 is available for set off.

and

As per Rule 52(1)(c) of the MVAT Rules, the tax paid in respect of any entry made after the appointed day under the Maharashtra Tax on the Entry of Goods into Local Areas Act, 2003 is available for set off.


29 August 2009 Thanks Chandraprakash


29 August 2009 Thanks Chandraprakash also useful for me

31 August 2009 Got it ..
Thank you sir ..



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