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Categories >> Accounting >> Accounting General


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 Accounting General interview questions  Accounting General Interview Questions (2833)
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what is surcharge on vat? is it refundable or not?
 Question Submitted By :: Accounting-General
I also faced this Question!!     Answer Posted By  
# 1
It varies from state to state in India. There may or may not
be Surcharge in a state. Even if Surcharge or Cess is levied
on any basic tax, the rates may vary from state to state and
year on year.

For correct information, refer the VAT Act, in your state or
consult, a Tax Expert/Consultant/Practitioner or contact the
Commercial Taxes Office.

Refund will generally applicable as it's applicable to the
basic tax.
Is This Answer Correct ?    7 Yes 2 No
H.r. Sreepada Bhagi
# 2
Surcharge on V. A. T. is 1% Yes it is refundable 
Is This Answer Correct ?    5 Yes 1 No
Kunal Majumdar

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