Entry Tax-Karnataka

[Sanwa Diamond Tools Pvt Ltd]

Dear Sir, Please clarify the following question about Entry Tax in Karnataka 1. Is entry tax liable for raw Material & consumables? 2. Is entry tax liable for trading goods? 3. When stock transfer of finished goods from one Municipality limit to another Municipality limit with in the state is liable entry tax? 4. When stock transfer of finished goods from Municipality limit to Corporation limit or wise versa with in the state is liable entry tax? Regards Byrappa KG

[GIRISH K]

1) There is no entry tax for raw materials and consumables in Karnataka.  Only notified goods attract entry tax.

2) Entry Tax is attracted on entry of goods into the local area for use, consumption or sale therein.

3) Same as above.

4) If your finished goods are notified goods, you are liable to pay entry tax.

 

 

AI Summary

Entry tax in Karnataka not applicable to raw materials unless notified; applicable to notified goods in stock transfers. A company inquired about the applicability of entry tax in Karnataka for raw materials, consumables, and trading goods, as well as for stock transfers of finished goods between different municipal and corporation limits within the state. The response clarified that entry tax is not applicable to raw materials and consumables unless they are notified goods. Entry tax is applicable on the entry of goods into a local area for use, consumption, or sale, and if the finished goods are notified, entry tax is required for stock transfers between municipal and corporation limits.