I purchase sarees from surat & Kolkatta and deduct cash Payment discount and then pay entry tax or we have to pay entry tax on full purchase bill confused please inform on what shall we pay entry tax on 

Posted 11 months, 1 week ago by Saboo Weaves


Trade discount can be deducted from taxable amount but not cash discount, this is a general followed principal. Keeping this in mind, you cannot deduct cash discount from taxable value for entry tax.

Entry tax should be paid on overall invoice value.

Posted 11 months, 1 week ago by CA Pulkit Sharma


Hello sir, I am running plastic business with TIN number from last 6years and paying taxes, but my competitors selling their product without any tin number, so I am in big loss from last 2year. Kindly suggest some ideas. 

Pavan 

Bidar, karnataka 

Posted 11 months ago by Pavan Karanji


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