Entry tax

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Querist : Anonymous

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Querist : Anonymous (Querist)
22 November 2010 Dear Experts,

X Co has purchased a machinery which is amounted to Rs. 25 Lac and K VAT is 3.375lac.
Is we need to pay entry tax on local purchase of capital goods, if yes at rate.

Thanks in advance

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Querist : Anonymous

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Querist : Anonymous (Querist)
14 December 2010 Dear Experts,

X Co has purchased a machinery which is amounted to Rs. 25 Lac and K VAT is 3.375lac.
Is we need to pay entry tax on local purchase of capital goods, if yes at rate.

Thanks in advance

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