Entry tax

Ramesh Purushothaman (Manager - Finance & Accounts)   (46 Points)

20 September 2011  

1. In Entry Tax what is the Definition of "Local Area" in Karnataka VAT Act.. Is Local Area meant by within Karnataka? (say we are in Bangalore and purchasing some Capital Goods from Belgaum or Any other district of Karnataka which is far from Banalore, whether should we pay Entry Tax on the goods Purchased from Belgaum)

2. When VAT on Capital Goods can be availed, can we avail immediately as sooner we purchase or Should we avail after Installation of machinery.


Kindly clarify.