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Cenvat credit
how to claim entry tax paid against vat output?
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Entry tax is paid on purchases made inter state....and for taking benefit of vat it can be taken for intra state purchases and sales.
K eg.if I paid Rs.100000 (each bike entry tax Rs.20000, 5 bikes purchase) as entry tax , 3 bikes only sold and vat payable Rs.30000 (each bike vat payable rs.10000) how can adjust entry tax?
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