Form CT-1 & Local Tax
This query is : Resolved
09 March 2010
Dear friends,
Mr. A is Mafg. from Mumbai & Mr.B is Exporter from Mumbai. B purchase material from A & directly Export the same.
Under this transaction for Excise purpose Mr.B issue Form CT-1.
My quarry is What about Local Tax ?
Kindly give me the details for Invoicing to Mr.B.
Thanks
Mr. A is Mafg. from Mumbai & Mr.B is Exporter from Mumbai. B purchase material from A & directly Export the same.
Under this transaction for Excise purpose Mr.B issue Form CT-1.
My quarry is What about Local Tax ?
Kindly give me the details for Invoicing to Mr.B.
Thanks
Vishnu Saboo
(Expert)
10 March 2010
you have to obtain form H along with B/L copy from party.
11 March 2010
Thanks,
But if party agree to pay full local tax & not issue Form-H then ?
But if party agree to pay full local tax & not issue Form-H then ?
Vishnu Saboo
(Expert)
13 March 2010
no problem at all, Form H is exist for getting relaxation in sale tax, if he is not providing H form charge him full tax.it will be considered as local sale in term of sales tax.
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