Entry tax in karnataka

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Dear Members,

Presently I'm working with a FMCG co. in bangaluru. I want to know few things about Entry Tax, as follows:-

1. Is it applicable on Plant and machinery??

2. If yes, then on which type?? (imported or indegenious)

3. Present preveiling tax rate on P & M??

 

Thanks in advance,

Waiting for reply.....

 

Replies (2)

If u r Puchasinf Goods From Interstate then u have to pay Entry Tax On Plant And Machinery is 2% on Machinery Value

 

Hi,

 

1. On Machinery, their parts & spares and not on plants.

2.  Imported as well as domestic purchases. The concept is where the goods received from any other local area comprising municipalities/panchayat. Purchases from within the State are also liable if both the areas fall in different local areas.

 

3.  Present rate of is 2% on machinery, parts & their spares.

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