Petrol bunk entry tax urgent pls

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

12 December 2011 DEAR EXPERTS
OUR CO., HAS PETROL BUNK PURCHASE PRODUCTS FROM LOCAL CAN WE SHOW THE PURCHASES IN ENTRY TAX. PETROLEUM PRODUCTS ARE EXEMPTED SALES AND PURCHASE ALSO EXEMPETION IF IT IS RIGHT WHY WE ARE SHOWING THE PURCHASE IN ENTRY TAX PLS GIVE DETAILS ABOUT THIS PLS URGENT

MJ Krishnamurthy

MJ Krishnamurthy (Expert)
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13 December 2011 Mr. Author,
Petroleum products are liable for entry tax if directly purchased from outside the state. If purchaed locally, you need not pay any entry tax because it will be paid by the respective oil companies. This is under KTEG Act 1979. Exemption on petroleum products is under KVAT Act 2003.
MJK

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