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Karnataka Entry Tax (VAT)

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This query is : Resolved



( Author )
26 January 2009

Hi,

Till now i am working, entry tax only for capital goods received with in local area. Recently one issue came up..even spares purchased for repairing the machinery also need to pay entry tax..whether this is right?

If any case law relating to this available..can provide the details.

Krishna.


CA. B.SRINIVASULU

( Expert )
26 January 2009

Yes the list of goods has been mentioned in Karnataka entry tax and karnataka special entry tax. If your item is falling under this schedule then you have to pay entry tax. However when you have to pay regular vat tax on sales then you can set off this entry tax paid by you.


rathish kumar.c.c

( Expert )
26 January 2009

yes u have to pay the entry tax


annapurna

( Expert )
27 January 2009

There is no levy of special entry tax as the Special entry tax Act is strucked down. Under the Entry tax Act, there is a notification issued where the goods are notified and accordingly the rates are determined. For the entry of machinery or its parts or its accessories (except agricultural machinery) within karnataka (local area) are liable to entry tax at the rates specified in notification. As on date the rate of tax for such goods is 2%


Sanjeev Kumar

( Expert )
31 May 2011

Dear Sriniwasulu- can a dealer claim set-off / adjustment of entry tax paid under Karnataka tax on entry of goods act,1979 against his output sales tax / VAT liability??

URGENT

Thanks in advance


annapurna

( Expert )
31 May 2011

No the dealer cannot claim such set off. Input tax credit under VAT law can be adjusted to pay the entry tax liability.


annapurna

( Expert )
31 May 2011

No the dealer cannot claim such set off. Input tax credit under VAT law can be adjusted to pay the entry tax liability.


annapurna

( Expert )
31 May 2011

No the dealer cannot claim such set off. Input tax credit under VAT law can be adjusted to pay the entry tax liability.


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