Entry tax on electrical goods & vat on works contract

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Kashyap V R (Querist)
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24 May 2014 Request for help on these:
Is electrical goods exempt from entry tax in Karnataka?
If no, is entry tax payable on goods purchased for use in execution of a works contract?
What should be the VAT rate to be charged to the recipient of works contract service for supply of material purchased outside Karnataka by paying CST @ 2%

CA DEEPAK S K

CA DEEPAK S K (Expert)
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24 May 2014 The goods that are purchased in course of interstate for the purpose of works contract and the assesse is registered under regular scheme then you will be charging normal rate of works contract as mentioned under schedule VI I.e 14.5%

CA DEEPAK S K

CA DEEPAK S K (Expert)
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24 May 2014 If registered under COT scheme then on such interstate purchase rate of tax will be paid at normal rate on purchase value and later on this amount will be reduced from sale value to compute COT payable. To clarify under regular scheme you will be charging rate of tax on sale value and not on purchase.

CA DEEPAK S K

CA DEEPAK S K (Expert)
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24 May 2014 With regard to entry tax please check notification of 2004.

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