Dealing is earth moving equipments clasifying as machinery
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 September 2013
I am dealing in earthmoving equipments classifying as machinery and their parts and accessories and paying a taxes of 5.5% as vat. is it ok?
2ndly is I need to pay entry tax on the same?
3) is their any option not to pay entry tax on the same, plz guide me
thanks and regards
2ndly is I need to pay entry tax on the same?
3) is their any option not to pay entry tax on the same, plz guide me
thanks and regards
03 September 2013
If it considered as a machinery or moto vechicle it is chargeable with 14.5%. VAT.When it wheel mounted and adopted for road movement it is taken as a motor vehicle and RTO registration is done. Then no entry tax. When not registered under MV Act it is a machinery and liable for ET also.Parts are also liable at the same rates.....mjk
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