Learner
1881 Points
Joined December 2012
Dear Ambuj
i found the answer to my query. actually i was making a mistake in my return. once i corrected it surcharge got reflected in vat return.
i dont agree with ur reply that vat is not charged on retail invoice.
everyday we buy stuff from the market and we get retail invoice and always there is vat charged on retail invoice.
just because seller is selling something to a consumer and issuing retail invoice doesnt mean that vat will not be charged.
also being an indirect tax final burden of tax always falls on the consumer. tax will go out of his pocket.
regards