what is surcharge on vat? is it refundable or not?
Answer Posted / h.r. sreepada bhagi
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 ? | 8 Yes | 3 No |
Post New Answer View All Answers
Capital reserve is - a) real account b) nominal account c) personal account d) none of them
Capital secure should be shown in which side of the balance sheet?
x pay incentive to y with tds@10%.what is the journal entry in the books of x & y?
Explain what does financial statement of the company includes?
Please answer me for the followings 1. i taken an office on January @ rent 28000.00 for one year and i paid 14000.00 as first payment balance will be paid on august. in tally how we post this and under which account especially balance 14000.0 under which account. 2.i have taken a loan from mr. A the amount is 100000.00 on January and the interest i need to pay on march 21000.00 the interest which iam going to pay is liability not a expense and it will be a expense in future, how we can post this also in tally and under which account. please somebody guide me who knows regards niyas es
Can you send me advertisement format for lost of E-1 form. kindly do the needful urgently. Thanks AP
Tell us do you possess any knowledge about accounting standards?
In accounting, vat abbreviates what?
what is a difference between public and private accounting?
Tell me what is “deposit in transit”?
what is the enty for contract bill raised?
in insolvency we have to prepare deficiency account but why we do not prepare this account as per general principle i.e Dr Cr To By etc , and deficiency account is which account?
What are the rules for debit and credit for different accounts to increase the amount in your business accounts?
Imagine you have to solve problems for multiple clients at the same time. How do you prioritize?
Tell me what are things will not be included in bank reconciliation statement?