Entry tax credit in punjab vat act
This query is : Resolved
16 May 2012
Dear Sir,
We have a Distillery plant, in this plant we having a power plant & for production of distillery we use power plant, for power plant we purchase a coal from out of state, on purchase of coal we paid entry tax, Sir, I want to know whether we can take entry tax credit on coal purchase from out of state agst. vat payable amt.
Regards
Vimal Kumar
We have a Distillery plant, in this plant we having a power plant & for production of distillery we use power plant, for power plant we purchase a coal from out of state, on purchase of coal we paid entry tax, Sir, I want to know whether we can take entry tax credit on coal purchase from out of state agst. vat payable amt.
Regards
Vimal Kumar
21 May 2012
Mr Vimal Kumar,
Entry tax and VAT are two different laws.They are not generally linked. So,entry tax paid on import of any goods into a state is not adjustable with VAT.
MJK
Entry tax and VAT are two different laws.They are not generally linked. So,entry tax paid on import of any goods into a state is not adjustable with VAT.
MJK
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