Form H

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vaibhav thakkar (Querist)

23 February 2009 Can a manufacturer and exporter purchase raw material used in the manufacture of finished goods for export against form H?

If no, what it the exporter's liability in case where he has purchased goods by issuing form H?

Thanks.

C A GROUP COACHING

C A GROUP COACHING (Expert)

24 February 2009 NO. FORM H IS FOR EXPORTERS ONLY & NOT MANUFACTURERS FOR EXPORTS.
IN YOUR CASE QUESTION THE LIABILITY IS TO GIVE VAT TO YOUR SUPPLIER & ASK HIM TO CHANGE THE BILLING FROM H FORM TO VAT BILL

vaibhav thakkar

vaibhav thakkar (Querist)

24 February 2009 thanks for ur reply.
Further i would like to know that since form H is already issued by the dealer in financial year 2007-2008, the seller has already filed the sales tax return, how will he issue revised invoices by charging vat. And also, please do let me know how to qualify such transaction in the VAT audit report. Should the dealer be made liable to pay tax and then get it refund in the VAT audit report.

C A GROUP COACHING

C A GROUP COACHING (Expert)

26 February 2009 ALL THE RETURNS WILL HAVE TO BE REVISED. & YOUR VAT AUDIT REPORT WILL SUGGEST THE DEALER TO CORRECT THIS MISTAKE & FILE REVISED RETURNS.

SHOULD YOU NEED FURTHER HELP YOU CAN CALL ME

CHANDRAKANT AMBANI
MUMBAI
9819408963
9821240674

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