Menu
Taxation query Mcq
What is diff between surcharge and cess ,why surcharge and cess is collected and can surcharge is calculated on cess
Replies (1)
Surchage is something like "tax ke sar pe charge" or additional tax. Surcharge becomes part of tax. Tax can be used for general public expenditure as stated.
Where as cess is calculated on total tax including surcharge. Cess is collected for predetermined uses and it is restricted for particular uses. For say "swach barat cess" used only for cleaning india
Where as cess is calculated on total tax including surcharge. Cess is collected for predetermined uses and it is restricted for particular uses. For say "swach barat cess" used only for cleaning india
Recent Topics :
- FAI & FAST-DS 2026 query
- Is GST registration mandatory in this case
- Buying a residential flat in Goa: should my wife b
- Income tax filling
- Applicability of RCM in the case of import of serv
- Confusion in gst registration for service category
- Itc claimed from return defaulters
- Gst input credit
- CAN PARTNERSHIP FIRM SIGN SERVICE AGGREMENT WITH A
- E-waybill
Related Topics :
CAclubindia
