is surcharge diffrent from vat or surcharge is refundable
or not
Answer Posted / 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 |
Post New Answer View All Answers
Scope and nature of Accounting
how to treat investment fluctuation fund in case of death of a partner
Can you differentiate public and private accounting?
audit under section and penalty under saction scurtiny under saction
HOW WE MADE ENTRY OF SURCHARGE ON VAT PURCHASE IN PUNJAB
I select in Vendor Master - in defualt data material - Purchasing Group as a Subcontractor but how to get report or list only Subcontractor Vendor Master in sap?
What are depreciation and amortization?
Explain me do you think accounting standards are mandatory and why?
How can you explain the basic accounting equation?
Sir how the enter of GST adjust of sales return
When a merchant sales of goods included/charged on packaging charges ,cartages and insurance;i.E :-Indirect income/revenue income and indirect expense/revenue expenditure. Plz suggeste me correct answer.Through messages,mail .
What is Debit Note and Credit Note? Subsidory Books? Minority Interest? Stock recording in P&L? Outstanding Expenses, Prepaid Expenses and Examples?
whether sale and purhases of cf agent are his and he is liablte to pay VAT on sale of goods and pay the tax to govt collected by him one more being receiving commission of saleproceed during the year whose stock would be it it is of c f agent or principal manufctrurer who has send the goods to sold on his behalf
Explain the types of ledger?
What are the reasons which cause pass book of the bank and your bank book not tally?