Entry tax in Karnataka is charged when goods are transported into the state from another state. The goods on which the tax is levied include those that are brought into the state for the purpose of either consumption or distribution.
When you are transporting goods for consumption from a state to the other, in other words for trade, as a transporter for these goods an entry tax is charged. Certain goods are taxable under this.
These goods fall under the First Schedule (of the KTEG Act. 1979) which we will list later in this article. These goods are taxable for entry only when they have been brought to a particular local area for use, consumption, or simply for sale.
The rate of this particular tax is chargeable at 5% of the value of the goods in question. It should not exceed this amount unless mentioned otherwise or based on that particular location varying rate based on the panchayat or municipality.
The following are the products that are charged for entry tax in Karnataka and their rates, which are based on the commodity, as well as not exceeding 5%.
Credit Card:
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Personal Loan:
Home Loan:
Fixed Deposit:
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