Entry tax
sarath goud (article student) (36 Points)
15 July 2016
Is entry tax applicable for VAT purchases?? If yes please kindly explian the cases where it will be applicable??
2 Replies
mohammad rasool baig
(Management Consultant)
(1026 Points)
Replied 15 July 2016
If we purchase notified goods as per state entry tax act, then entry tax is applicable on the VAT purchases also.
MJ Krishnamurthy
(ACCT(Retd))
(7197 Points)
Replied 15 July 2016
A State is divided into many local areas. Areas falling under each Gram panchayat,Town Municipality,City Municipal corporation(including brihut),Industrial area administration(e.g.KIADB) are defined as local areas. If you move the scheduled goods, like : Lubricants,petroleum products,machinery,photographic papers, tobacco products, sugar,textiles etc.ET is leviable at rates 2% and 5%. ET is charged on the total value(invoice amount,transportation and handling). This levy is made only once.Subsequent movements can be claimed exemption.........mjk
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