Entry tax clarification - karnataka

This query is : Resolved 

08 July 2013 Dear Sir,
What is form 40 under the KTEG Act, 1979? Who can Issue F-40? Whether we get Entry Tax exemption if we get F-40?

Pl clarify.

08 July 2013 Form 40: Declaration to be furnished by a dealer in respect of goods
mentioned in First Schedule sold by him to another dealer in the
State.

08 July 2013 FORM 40
[See Rule 9-A(1)(c), 9-E and 9-F]
Declaration to be furnished by a dealer in respect of goods mentioned in
First Schedule sold by him to another dealer in the State
1. I/We.............................................................being a registered dealer holdings
Registration Certificate No...............................dated .........................under the K.T.E.G
Act, 1979 and carrying on business in the name and style of
...............................at...........................................................................(full address) have
sold ...............................(quantity) of................................(description of goods) for
Rs............................to M/s...........................................(name with full address) in my/our
Bill No.............................dated ..........................
2. I/We have caused entry of the above goods into the local
area...................................(name of the local area) and ( I am/we are liable to tax under
the K.T.E.G Act, 1979 and we shall pay the same;
I/We have purchased the above goods from M/s. ......................................... (name with
full address) having Registration Certificate No.................................vide their sale bill
No.................................dated..........................and the said dealer has stated that he/his
seller would be liable to pay tax on the said goods purchased by me, and I am/we are not
liable to tax under the K.T.E.G Act, 1979 in view of the declaration furnished by them.
3. I am/we are on the rolls of ...............................(specify assessing authority).
Place : Signature
Date : Name of the signatory
Proprietor/Partner/Manager/Director


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