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

Answers were Sorted based on User's Feedback



Hi Everyone, We purchased the Goods from other state, and I am liable for Entry Tax, my entry Tax..

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

Hi Everyone, We purchased the Goods from other state, and I am liable for Entry Tax, my entry Tax..

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

Post New Answer

More Accounting General Interview Questions

What is accounting period?

0 Answers  


ten example of direct income

1 Answers   Genpact, HCL,


Do you know what is liabilities and what all does include in current liabilities?

0 Answers  


What else ? This is the question asked to me every where every time while facing interview. I want to know is this a real question for accounting? If yes haw or if no How? I am really confuse.

0 Answers  


If any company paid taxi fare to staff for special work how can i post it in tally example if Ram get 500 for taxi fare to return home late night due to official work.

3 Answers  






what is the diffrence between cash flow & cash fund?

0 Answers  


Which Entry Contain all three accounts Principal(Personal,Real, & Nominal)

2 Answers  


Salary outstanding

4 Answers  


what is the eatery for the prepaid expenses Eg: prepaid rent

4 Answers   Amazon, C1 India,


Explain me bills receivable?

0 Answers  


if cheque bounced what we received from customers and payed to bank what entry should we create in single entry system

0 Answers  


Suppose a person is paid @ Rs.1 Lac Per Month for 2 months by the Owner/Director prior to the Company's incorporation for Managerial work and that person continues to work with the Company . Is the Director liable to deduct TDS on his Employee's Salary before incorporation also? And when the Company is incorporated after 2 months, Is it possible to show this expenses as Pre-incorporation Expenses?.What would be treatment for Salary Paid and TDS Deducted when the Company is incorporated? How will we give TDS Certificate to the Employee at the end of the Financial Year?

1 Answers   TCS,


Categories