Interested to Buy Any Domain ? << Click Here >> for more details...
Hi Everyone,
We purchased the Goods from other state, and I am liable
for Entry Tax, my entry Tax is deposited in bank before
15th of every month. Now my questtion is : I purchase the
Packing Items from other state but I return the same to
suplier should it require entry tax deposit or not for this
items. please explain
- 2 Answers
- 4579 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / yogendra.c
Entry Tax is a tax imposed by the state governments in India. It is levied on movement of the goods from one state to into another and is levied by the recipient state to protect their tax base.
A dealer or Purchaser who in the course of business, whether on his own purpose or other purpose brings the goods to his area from other state than he has to levy tax,
but there is no provisions of making the Entry Tax refund by claiming as Purchase Return!.
In case of Purchase return to other state it will be deemed to be as if you are moving the goods to other state as a sale, hence you are liable to pay Entry Tax.
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / reddy
1. Addvane TAX PAYBLE A/C Dr xxx
TO BANK A/C xxx
(BEEING TAX PAID ON PURCHASE ITEMS IN OTHER STATE)
2 BANK A/C Dr XXX
TO Advance tax paybles A/c XXX
(beaning resived from advance paybles)
| Is This Answer Correct ? | 2 Yes | 3 No |
sir , i am very confussing enrty for cash receipts in t code fbcj. do the effect on wbs element after selected wbs ?
What elements of your job do you find most difficult?
Tell me what is the master account?
Hai Experts can any one send me some finance interview questions ,my mail id is c.sujatha2008@gmail.com,please send quickly it's so need.
if a sole proprietor pays his firms insurance policy , How it should treated in books of accounts? whether it should be treated as investment? or indirect expenses?or drawings?
What is Accruals ? How it is treated in finacials
what is Debtors & Creditors management
What is Capital Commitments means?
what wll i do to remove my fairs facing for interviewee?
net worth is: 1)total assets less outside liabilities 2)total liabilities plus owner equity 3) current assets less current liabilities 4) total accumulated profit less liabilities choose correct and with deatail.
Excise rate of 2010 in haryana
We have an boat manufacturing company .we customer order one boat the cost is 1130 .we have received advance 500 balance he will give after giving boat can you give me journal entry cash A/c Dr 500 customer A/c Dr 630 To Sales 1130 is this entry is correct ?if not please give me exact entry
Audit 
