ENTRY TAX KARNATAKA

Lets say I purchase raw materials which will attract entry tax and pay them @ 5% and if i convert them into some other product and sell outside the area, is the buyer again liable to pay entry tax on those. can i issue him form 40 for the same?

 

Replies (11)
Deduction from taxable turnover can be claimed only if the material is transferred out as it is. So it is necessary that the same product is sent out. Hence, you can not issue Form-40 for transfer out.

Buyer is not liable to pay entry tax as the goods  has changed its form, provided that the final product you have sold is not a schedule goods under the Entry tax Act. Question of issued of Form-40 doest not arise at all as the goods has changed its form. Any question you can ask more 

@ Raju

But how to confirm as to the new product is in scheduled goods or not. like the act says and others. But as per u if the new product is in scheduled goods one has to pay entry tax again even if all the raw materials have suffered the tax once?

Any way through department to get it confirmed?

If u can give u r mail i can explain.

 

 

Buyer is not liable to pay entry tax as the goods has changed its form, provided that the final product you have sold is not a schedule goods under the Entry tax Act. Question of issue of Form-40 doest not arise at all as the goods has changed its form.

i want to know the rate of entry tax of the following items.gold purity checking machine,electrical goods,ccd camera

 Dear sir,

Plz ER-6 Execl fromate.

Please let me know the entry tax rate for the following;

Entry Tax for Registered & Un Registered Dealer for CNC Machine (Computer Numeric Control)Machines Capital Goods sold towards

Colleges & Polytechnic 2) CNC Machines Sold towards Commerical purpose ie., towards Industry - Rate of Tax ? Any Expemtion towards reduce the tax by getting form from the dealers.

Any Slap for Rate of Taxed etc.,

 

Regards

Hariharan S

 

Hi 2 All

Can any explain me the entry tax concepts & also the accounting entry & the treatment

in monthly vat returns

 

Ravi

 

 

 

Please let me know if a owner of Proprietory Manufacturing concern purchases one machine for his production as capital goods from the same state and one from another state, so is he liable to pay entry tax on the both machine?, If there is any exemption on any of the machine, please let me know the notification number for exemption.

If he has to pay the tax, how much the rate for within the state purchase and how much for interstate.

Thanks,

Dear Sir,

Can u provide me the Entr Tax rates on all items which enter into karnataka(mainly elctrical Substation & transmission line equipments)

 

Regards,

Raghavendra

We have purchased certain machinery in Bangalore from very next bilding costing rs 15.00 Lakh. that means same locality. Department is insisting for Form 40. but the manufacturer says form 40 can be issued by dealers only. Are we liable to pay entry tax?

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