is surcharge diffrent from vat or surcharge is refundable
or not
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Answer / muthukumaran.k
yes sucharge is different from vat, it is realted to IT.
the surcharge amount is not refundable but it can be
adjusted against our tax dues.
| Is This Answer Correct ? | 3 Yes | 1 No |
Answer / h.r. sreepada bhagi
In any taxes Direct like Income Tax, or Indirect like VAT,
Excise etc., basic rates of taxes will be there. On any of
these taxes, the governments may levy Surcharge or Cess.
Surcharge of Cess is levied on the basic taxes. Whether
direct tax or indirect tax, refund provision will be there
in the relevant Act. (i.e Income Tax Act, VAT Act, Central
Excise & Customs Act., etc.)
For specific information, read the relevant Act, consult tax
consultants or experts.
| Is This Answer Correct ? | 2 Yes | 1 No |
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