Vat

Jatinder Chugh (Querist) 29 November 2011 This query is : Resolved
I am regd dealer under punjab vat act. I want to buy yarn from outside state but i would manufacture cloth from this yarn which is tax free. Now can i get the exemption from payment of entry tax by submitting an indemnity bond/undertaking/affidavit. If yes then i need copies of the same in MS Word. Please send me copies of all these documents in MS Word

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Raj Kumar Makkad (Expert) 29 November 2011
You are not exempted to pay VAT Tax on the purchase of your raw material from out of your State.

M/s. Y-not legal services (Expert) 30 November 2011
since makkad sir from punjab just follow his words.,

even my opinion just consult with an advocate or with document writer.,

dont expect some services in free of cost..

Surendra Singh Chandrawat (Expert) 01 December 2011
You required to pay VAT.

AMIT BAJAJ ADVOCATE (Expert) 04 December 2011
You can get deferement from payment of entry tax as per the stay of P&H HC on Entry tax in Punjab in Bhushan Steel case.

No adjustment of entry tax is allowed when goods on which entry tax is paid, are being used in manufacturing of tax free goods. This was one of the grounds on which entry tax was stayed.

Copy of indemnity bond and affidavit can be downloaded from pextax.com

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