Karnataka Entry Tax

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This query is : Resolved

Krishna (Querist)

26 January 2009 Hi,

Till now i am working, entry tax only for capital goods received with in local area. Recently one issue came up..even spares purchased for repairing the machinery also need to pay entry tax..whether this is right?

If any case law relating to this available..can provide the details.

Krishna.

CA. B.SRINIVASULU

CA. B.SRINIVASULU (Expert)

26 January 2009 Yes the list of goods has been mentioned in Karnataka entry tax and karnataka special entry tax. If your item is falling under this schedule then you have to pay entry tax. However when you have to pay regular vat tax on sales then you can set off this entry tax paid by you.

rathish kumar.c.c

rathish kumar.c.c (Expert)

26 January 2009 yes u have to pay the entry tax

annapurna

annapurna (Expert)

27 January 2009 There is no levy of special entry tax as the Special entry tax Act is strucked down. Under the Entry tax Act, there is a notification issued where the goods are notified and accordingly the rates are determined. For the entry of machinery or its parts or its accessories (except agricultural machinery) within karnataka (local area) are liable to entry tax at the rates specified in notification. As on date the rate of tax for such goods is 2%

Sanjeev Kumar

Sanjeev Kumar (Expert)

31 May 2011 Dear Sriniwasulu- can a dealer claim set-off / adjustment of entry tax paid under Karnataka tax on entry of goods act,1979 against his output sales tax / VAT liability??

URGENT

Thanks in advance

annapurna

annapurna (Expert)

31 May 2011 No the dealer cannot claim such set off. Input tax credit under VAT law can be adjusted to pay the entry tax liability.

annapurna

annapurna (Expert)

31 May 2011 No the dealer cannot claim such set off. Input tax credit under VAT law can be adjusted to pay the entry tax liability.

annapurna

annapurna (Expert)

31 May 2011 No the dealer cannot claim such set off. Input tax credit under VAT law can be adjusted to pay the entry tax liability.

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