| # Entry tax Entry tax is levied when goods are brought into a state for the purpose of consumption, from another state. The person who purchases the goods or who owns the goods at the time of entry into the state is liable to pay the entry tax, periodically. The entry tax is calculated as the specified percentage of the purchase value of goods (total invoice amount inclusive of all the taxes) minus the Central Sales Tax amount paid. You must define the Commercial Taxes Department as the Buy-from Business Partner and a singular tax code for entry tax. You can use a cost invoice to post the entry tax amount. You can avail an input credit on the entry tax paid. |