Surcharge on vat in punjab

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Dear Friends

 

Is their surcharge of 10% applicable in case of retail sales also in Punjab or is it only in case of sale to registered dealers?

 

regards

Replies (2)

Surcharge of 10% is applicable only in case of registered dealer sale raising Tax invoice since a seller cannot charge tax on  retail Invoice.

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


CCI Pro

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