TTTax (CPA) (40 Points)
04 March 2010I have a question about the 10% surcharge / additional tax that went into affect last month. So the 5% gets an addtional 0.5% correct? and the 12.5% gets an addtional 1.25% correct? Does this additonal tax need to stated separately or can you show it as 5.5% and 13.75%? Does the surcharge apply to CST? Thank you.
abhishek
(Internal Auditor)
(181 Points)
Replied 04 March 2010
surcharge is applicable on both 5 & 12.50 % vat ..
and it will be shown separate on invoice ..
surcharge is not applicable on cst
TTTax
(CPA)
(40 Points)
Replied 05 March 2010
Thank you very much. A follow up...how can one tell that surcharge does not apply to CST?
Live class on PF & ESI Enrollment & Returns Filing(with recording)
CAclubindia
