1. Categories >> Accounting >> Taxation
  2. Suggest New Category

Briefly Explanation of Entry Tax when we pay the Entry Tax

Question Posted / kumarpavan25


Briefly Explanation of Entry Tax when we pay the Entry Tax..

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

Post New Answer

More Taxation Interview Questions

th point in when will details wil get filled in ER1 2a and 2B?capg

0 Answers  

how to compute service tax?

2 Answers  

Why service tax payable is not considered while calculating Wct Tds.

1 Answers  

We issued C for the provisional price first. Again for the payment of Price Variation payment a fresh C form is to be issued?

1 Answers  

why direct tax as a career field? why u have chosen direct tax as a field?

0 Answers  




Give some examples under sec. 80C? What is the maximum limit ?

6 Answers   OPI Global,

I renders interior Services, consider one project cost Rs.500000/- Scenario 1 - Material purchased on my Firm Name Material - 300000 - 0 On party behalf Labour - 200000 -150000 My expenses for Labour Contracts Profit - 50000 My Profit Scenario 2 - Material purchased by client Labour - 200000 -150000 My expenses for Labour Contracts Profit - 50000 My Profit In both Profit is same Rs. 50000/-. which is beneficial for me in terms of turnover or tax matters. and if I have to raise a bill to party as per both scenario, how it will affect bill and tax, where will I suffer loss?

1 Answers  

We have wrongly used road permit of other party in consignment to kolkatta.The road permit used is the party from Kolkatta.How to resolve the issue ??

0 Answers  

WHAT IS THE TDS RATE ON FREIGHT

7 Answers   ABC, Chartered Accountant, Ramky, Spk Software, VS,

When & how vat audit takes Place in haryana. Is Scrutiny & vat audit is same?

0 Answers  

WHEN FORM VAT R-2 USE?

0 Answers  

If Seller invoice is within the state and material loaded from other state and deliver within the state then the C Form required or not if required than seller arrange the c Form or Purchaser

2 Answers   Jain Housing,

For more Taxation Interview Questions Click Here
Categories