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Briefly Explanation of Entry Tax when we pay the Entry Tax
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Answer / atul nema
Entry Tax: Entry tax is state levy so it statue differs
from state to state BUT basic theme of this act is to
collect tax on entry of goods into state jurisdiction/local
area subject to certain condition and restriction.
The ET Rate normally 1% or 2%. where the state levy
provided higher rate they provided the setoff of ET paid
againt VAT payable.
| Is This Answer Correct ? | 2 Yes | 0 No |
IF I HAVE DONE WRONG POSTING OF SERVICE TAX I WANT TO REVERSE THE POSTING OF THE SAME IN SAP.
when company issue c form to the seller it has to issue full amount of purchases or it has to deduct the 2% of cst amt Ex; purchase for rs.10000/- which includes 40 cst we have to issue c form for rs.9960 or we have to issue for rs.10000/- which one is correct
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