Entry tax

Entry tax on import of goods into "Local area",other than vehicles is struck down.

Entry tax on entry of Vehicles into local area is still in force.

kkm

Thank u,  if  Entry Tax is 14.5%,  whether 12.5% after deducting CST 2%  be paid. (or) after remiting 14.5% can we take VAT inpur credit.   kindly clarify

again thanks

1.You can deduct CST paid for purchase from outside the State and blance only is payable as entry tax.

2.Yes,you can take credit of entry tax paid (12.5%) through State  vat mechanism.

kkm

For Vehicle dealers

Entry tax on vehicles should be paid at 12.5% on the purchase value.You had to charge 14.5% tax on your sales.you have to  pay the difference tax after set off the entry tax paid(14.5%-12.5%).For example if u purchase a car for Rs 2,00,000 means you have to pay entry tax of Rs 25,000(12.5%).when u sell the car at Rs 2,05,000 you had to charge VAT  of  Rs 29725 (14.5%).You had to pay Rs 4725 after  set off  the entry tax paid Rs 25,000.

For a purchaser(Own Use)

     You had to pay difference tax as entry tax between the local tax(14.5%) and tax paid in  other state.

Vehicles purchased for own use in other state and brought in to Tamilnadu within 18 months of purchse date only will attract entry tax.

Vehicles purchased for own use in other state and brought in to Tamilnadu within 18 months of purchse date only will attract entry tax.