FORM H
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 March 2010
A Co. didn't received Form H and during Gujarat VAT assessment, authorities demanded differential VAT + Interest and penalty thereon.
B Co. received Form H but enclosed Bills of Lading showing export after 6 months of Sale-Purchase Transaction. During Gujarat VAT assessment, the authorities rejected all such forms stating export not done within 6 months from sale-purchase transaction hence demanded differential VAT + Interest and penalty thereon.
Please give opinion about validity of assesssing authority's demand within light of CST and Guj VAT laws.
B Co. received Form H but enclosed Bills of Lading showing export after 6 months of Sale-Purchase Transaction. During Gujarat VAT assessment, the authorities rejected all such forms stating export not done within 6 months from sale-purchase transaction hence demanded differential VAT + Interest and penalty thereon.
Please give opinion about validity of assesssing authority's demand within light of CST and Guj VAT laws.
Vishnu Saboo
(Expert)
23 March 2010
if concessional rate form not received it is natural to be paid the tax, interst and penalty.
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