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Entry Tax Computations, Other Topics |
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Entry Tax Computations |
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Sir, Can entry tax be at a flat rate of 2% on all items related to manufacturing, whereas the rates for each iem given as per the gazette are different per item.? thank you. Posts / Replies Showing Replies 1 to 3 of 3 Records Page: 1
Tax is leviable as per schedule entry given in the act.
Elucidate with suitable example.
Dear Akshay, If a specific item is not mentioned in the notification issued under Goa Entry Tax Act then there would be no entry tax leviable or applicable. If a specific rate has been mentioned for a particular item then that particular specific rate would be applicable. Flat rate would not be applicable untill unless there is specific notification issued in this regard. If Goa VAT Department is charging flat rate without any authority in law then such levy would be null and void ab initio. Regards YAGAY and SUN (Management, Business & Indirect Tax Consultants) Page: 1 Old Query - New Comments are closed. |
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