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
Querist :
Anonymous
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.