Entry tax
This query is : Resolved
11 April 2014
Hi all,
please can any one explain the entry tax concept, and how to file the monthly returns and calculation procedure under the karnataka tax on Entry of Goods Act 1979.
Thanks
please can any one explain the entry tax concept, and how to file the monthly returns and calculation procedure under the karnataka tax on Entry of Goods Act 1979.
Thanks
MJ Krishnamurthy
(Expert)
11 April 2014
Mr Arun,
Entry tax is charged on entry of goods into Karnataka from outside the state. This is applicable to the scheduled goods,such as Textiles,sugar,machinery,lubricants,lifts,tobacco products,photographic paper,etc at between 2-5%. ET is calculated on the total invoice value plus 2% handling charges(100+2).Returns are submitted on line like VAT 100.....mjk
Entry tax is charged on entry of goods into Karnataka from outside the state. This is applicable to the scheduled goods,such as Textiles,sugar,machinery,lubricants,lifts,tobacco products,photographic paper,etc at between 2-5%. ET is calculated on the total invoice value plus 2% handling charges(100+2).Returns are submitted on line like VAT 100.....mjk
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