This blog for vat Tax forum
we are soon coming with vatTaxforum.com
Basically this is about vat tax being implemented in Pakistan and in other countries.
People can discuss and share there ideas and comments
about VAT TAX
Value Added Tax
Saturday, May 22, 2010
What is default surcharge?
What is default surcharge?
Default surcharge is explained in section 88 of the Federal VAT Bill. Conceptually, it is an additional tax liability accruing on failure to pay principal tax amount due under the law.
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