Petrol bunk entry tax urgent pls
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
12 December 2011
DEAR EXPERTS
OUR CO., HAS PETROL BUNK PURCHASE PRODUCTS FROM LOCAL CAN WE SHOW THE PURCHASES IN ENTRY TAX. PETROLEUM PRODUCTS ARE EXEMPTED SALES AND PURCHASE ALSO EXEMPETION IF IT IS RIGHT WHY WE ARE SHOWING THE PURCHASE IN ENTRY TAX PLS GIVE DETAILS ABOUT THIS PLS URGENT
OUR CO., HAS PETROL BUNK PURCHASE PRODUCTS FROM LOCAL CAN WE SHOW THE PURCHASES IN ENTRY TAX. PETROLEUM PRODUCTS ARE EXEMPTED SALES AND PURCHASE ALSO EXEMPETION IF IT IS RIGHT WHY WE ARE SHOWING THE PURCHASE IN ENTRY TAX PLS GIVE DETAILS ABOUT THIS PLS URGENT
13 December 2011
Mr. Author,
Petroleum products are liable for entry tax if directly purchased from outside the state. If purchaed locally, you need not pay any entry tax because it will be paid by the respective oil companies. This is under KTEG Act 1979. Exemption on petroleum products is under KVAT Act 2003.
MJK
Petroleum products are liable for entry tax if directly purchased from outside the state. If purchaed locally, you need not pay any entry tax because it will be paid by the respective oil companies. This is under KTEG Act 1979. Exemption on petroleum products is under KVAT Act 2003.
MJK
Message likes :
1 times
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
- Price inclusive or exclusive of GST while made entry in P& L Account
- TDS Challan - change of FY 2025-26 to TY 2026-27
- Gst registered proprietorship firm
- Minimum tax payable to file Updated return
- Dep. as per companies act
- Applicability of GST on Salary Reimbursement Component
- AUDITOR APPOINTMENT FOR THE YEAR ENDING MARCH 27
- SALARY CAN BE CAPITALIZE
- GST ISSUE OF INPUT AND OUTPUT GST
- GST Intimation due to Government took possession of Business Premises under PPE Act
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Starting trading business
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
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
