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waht is Entry Tax ? how to sett of vat?
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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
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