Karnataka VAT /Tax on Entry of Goods
This query is : Resolved
11 May 2009
Dear Sirs,
We are planning to get registered as dealer under Karnataka VAT Act.We will open a depot in Bangalore.We will purchase goods from outside Karnataka ,stock it in the depot at Bangalore and sells the same to outside the state .There will be no local purchase or sale.Our products are Diesel Generating Sets and Earthmoving Equipments.
Kindly clarify :
1) Whether Entry Tax is payable by us.
2) What forms are required for entry into and exit from the state towards inter-state purchase and inter-state sale of our goods.
Thanks
tapas kumar
We are planning to get registered as dealer under Karnataka VAT Act.We will open a depot in Bangalore.We will purchase goods from outside Karnataka ,stock it in the depot at Bangalore and sells the same to outside the state .There will be no local purchase or sale.Our products are Diesel Generating Sets and Earthmoving Equipments.
Kindly clarify :
1) Whether Entry Tax is payable by us.
2) What forms are required for entry into and exit from the state towards inter-state purchase and inter-state sale of our goods.
Thanks
tapas kumar
11 May 2009
Dear Mr. Tapas,
1. Entry tax is applicable for Earthmoving Equipments and Diesel Generating Sets.
2. For bringing the goods, no CST tax, ie., Stock Transfer - along with material bring Delviery Challan, sometimes the check post people demand Statutory Forms for the Stock Transfer.
3. At the time of sale, raise the Tax Invoice
4. If any query plz., call A. Sankaranarayana 9448144025, Bangalroe
1. Entry tax is applicable for Earthmoving Equipments and Diesel Generating Sets.
2. For bringing the goods, no CST tax, ie., Stock Transfer - along with material bring Delviery Challan, sometimes the check post people demand Statutory Forms for the Stock Transfer.
3. At the time of sale, raise the Tax Invoice
4. If any query plz., call A. Sankaranarayana 9448144025, Bangalroe
11 May 2009
Entry tax is payble only if goods are sold, used or consumed with in local area in this case
you are liable to pay entry tax if you sold, use or consumed goods in state of karnatka, in this case goods are sold out of state no entry tax is payble as goods are not sold use or consumed in local area.
statutory forms are reuired on entry or exist of goods from state
you are liable to pay entry tax if you sold, use or consumed goods in state of karnatka, in this case goods are sold out of state no entry tax is payble as goods are not sold use or consumed in local area.
statutory forms are reuired on entry or exist of goods from state
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Itr 1 processing
- Off Market debit and credit transaction
- Reporting Income under Section 44ADA
- Showing Gift from relative in ITR for this year
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- Share accounting-->fifo - capital gain - period as per fifo?
- Short Term Capital gain on shares bought and sold after 2018 onwards
- ITR 2 Short Term gain & Long term gain
- ITR 1: Details for showing Exempt Income
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
