https://www.taxtmi.com/article/detailed?id=1515 The Punjab Entry Tax Act amendments now explicitly charge tax on the entry of goods into local areas and define "goods" as those notified for entry tax, seeking to cure defects previously identified in litigation. Parallel amendments to Punjab VAT treat entry tax on notified goods as an advance against VAT where goods are for sale or for use in manufacturing or processing, with collected advance to be adjusted against the taxpayer's final VAT liability for the tax period, thereby raising legal questions about recoverability, refund when final liability is nil, and the competence to treat one State List tax as an advance under another entry. en-us Tue, 22 Nov 2011 13:27:24 +0530 Tue, 22 Nov 2011 13:27:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=1515 The Punjab Entry Tax Act amendments now explicitly charge tax on the entry of goods into local areas and define "goods" as those notified for entry tax, seeking to cure defects previously identified in litigation. Parallel amendments to Punjab VAT treat entry tax on notified goods as an advance against VAT where goods are for sale or for use in manufacturing or processing, with collected advance to be adjusted against the taxpayer's final VAT liability for the tax period, thereby raising legal questions about recoverability, refund when final liability is nil, and the competence to treat one State List tax as an advance under another entry. Articles Value Added Tax - VAT and CST Tue, 22 Nov 2011 13:27:24 +0530 https://www.taxtmi.com/article/detailed?id=1515