https://www.taxtmi.com/caselaws?id=166494 Plant and machinery brought into a local area for use in manufacturing does not fall within the composition levy under section 5C of the Karnataka Tax on Entry of Goods Act, because that scheme applies to goods brought in for sale; such goods remain subject to the regular entry tax provisions. However, Explanation II to section 5C requires deduction of the value of raw materials, component parts and inputs used in manufacture where entry tax on those inputs is paid or exempt. The decision therefore supports deduction of exempt inputs in computing composition tax on manufactured goods. en-us Thu, 03 Mar 2011 00:00:00 +0530 Wed, 01 Oct 2014 09:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=166494 Plant and machinery brought into a local area for use in manufacturing does not fall within the composition levy under section 5C of the Karnataka Tax on Entry of Goods Act, because that scheme applies to goods brought in for sale; such goods remain subject to the regular entry tax provisions. However, Explanation II to section 5C requires deduction of the value of raw materials, component parts and inputs used in manufacture where entry tax on those inputs is paid or exempt. The decision therefore supports deduction of exempt inputs in computing composition tax on manufactured goods. Case-Laws VAT and Sales Tax Thu, 03 Mar 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=166494