waht is Entry Tax ? how to sett of vat?



waht is Entry Tax ? how to sett of vat?..

Answer / amit kumar tiwari

Entry tax is levied on that product which tranfer or enter
a product from-one state to another state or one District
to another district,if you sale as such the prodcut not
restructuring.

There is two types of entry tax are available
1) Entry on Motor Vehicles-- Motor
Vehicles purchsed in other
state enteres to a different State, then entry tax is
leviable. tHIS IS APPLICABLE ONLY FOR VEHICLES liable to be
registered under Motor Vehicles Act. The tax paid in other
State can be compensated or set back of taken, if the rate
of tax is highter in the State where the vehicle is entring
2) Entry Tax on goods--this has been recently strucked by
the apex court in the case of Jindal Strips Ltd for the
reason that entry levied shgould be compensatable otherwise
it can be levied

Is This Answer Correct ?    7 Yes 0 No

Post New Answer

More Taxation Interview Questions

how we can calculate the withholding tax for company? who will bear the tax?

2 Answers   Fiat,


if i purchased a tally software CD, Am i liable to pay service tax on it or sales tax or both on it?

4 Answers  


Who will be authorized to collect Luxury Tax ? Is ther any form of returns for luxury tax? Bar & Restaurants are charging Luxury Tax @10%, is there any accountability for collection of luxury tax.

1 Answers  


Please tell me the minimum exemption limit to applicable Fringe Benefit Tax.

6 Answers   Genpact,


we trf goods to our consignment against 'F' form in meerut and he returned some goods back to us plz. tell me should we have to issue a F form to them

1 Answers  


If any new form open than we are able to deduct TDS on first year

1 Answers  


1. Why some companies are not deducting the TDS or WCT on their clients Invoice.,? 2. How companies are getting exemption from Deduction TDS or WCT. ?. 3. What are the procedure for not to deduct the TDS or WCT on client invoice while making payment for their Invoice.?.

1 Answers  


what is D-1, D-2, Vat-C4,

1 Answers   ABC,


WHICH ARE BASIC EXEMTIONS FOR TDS ON SALARY

8 Answers  


what is "c" form?

2 Answers  


under form 38,(1 no) what is the maximum no. of invoices can be done??? under rule-54(3)(a) of UPVAT RULES 2008

3 Answers   ABB,


WCT Deduction rate on amc in jammu

1 Answers   Lipi,


Categories