Entry tax payable or not

This query is : Resolved

M.SRINIVASU (Querist)
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17 September 2008 Dear all, pl.calrify
1.Entry Tax - import of machinery for the purpose of work executs-digging work (work contract co.) in karnataka, this is a capital goods, entry tax is payable or not
2. if payable this amount can be adjusted in vat payable .

my mail id is msvasu@asterrail.com

Tajoddin

Tajoddin (Expert)
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17 September 2008 In Karnataka, Entry Tax has come for import the machinary for execution of Works Contract, contractor has to payable for 2% on entry value (Import Value + Duty + Frieght)

this is one time has to pay the contractor Entry Tax for execution of the work, further you have to not payable for shifting the machinary any whare the Karnantaka state

Tajoddin

Tajoddin (Expert)
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17 September 2008

Taxguy

Taxguy (Expert)
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22 September 2008 It cannot adjusted against VAT. It is an independent exact.

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