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Categories >> Accounting >> Accounting General
 
 


 

 
 Audit interview questions  Audit Interview Questions (428)
 CompanyAffairs CS interview questions  CompanyAffairs CS Interview Questions (158)
 Taxation interview questions  Taxation Interview Questions (1913)
 Accounting General interview questions  Accounting General Interview Questions (2841)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4372)
Question
what is surcharge on vat? is it refundable or not?
 Question Submitted By :: Accounting-General
I also faced this Question!!     Answer Posted By  
 
Answer
# 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
 
Answer
# 2
Surcharge on V. A. T. is 1% Yes it is refundable 
Is This Answer Correct ?    5 Yes 1 No
Kunal Majumdar
 
 
 

 
 
 
Other Accounting General Interview Questions
 
  Question Asked @ Answers
 
i am working in bajaj authorised dealer company my question is when we sale of two wheeler vehicale with finance what is the sale of entry can you say briefly(how to pass the sale entry in our books)   1
If cheque issued for 1400/- and recorded as 1900/- how do we rectify this error.   6
Accounting and Accountancy   2
how do we pass the Entry for Reserves? and What is the Meaning of Surplus?   1
I cleared IBPS exam Basically I belongs to A.P. but I applied for karnataka will they accept me? Oriental-Bank-Of-Commerce 2
even if trial balance matches there is an error of wat???   1
Mr. S wants to set bank reconciliation start date, from where will he activate the same Answer A. Ledger creation B. Accounting feature C. Configuration window D. Display   2
u paid cash to supplier in advance for purchasing goods in future? so what will be the entry in tally?   4
Hi Guys. Does anyone know any practising cost accountant in hyderabad? Pls help me. I would like to gain some practical experinence. Salary not an issue. Pls help me guys.   1
can we issue bonus shares at premium? how?   2
What is GR form ? what its use please give me a details of GR ?   1
How do you calculate closing stock? Which important steps do you take while valuation of closing stock. TATA 3
 
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