FORM H FOR MANUFACTURING UNIT.
This query is : Resolved
03 October 2009
THE UNIT IS 100% EXPORTED ORIENTED, BUT IT IS A MANUFACTURING UNIT.
CAN A 100% EXPORTED ORIENTED MANUFACTURING UNIT ISSUE FORM H TO THEIR PARTIES TO GET BENEFIT OF VAT?
SINCE IT IS 100% EXPORTED ORIENTED, VAT CHARGED BY PARTIES ARE CLAMIED AS REFUND, IT HAS NO MEANING TO PAY VAT. PLEASE GUIDE. ALSO POSSIBLY PROVIDE SECTION/NOTIFICATION/GUIDELINES FOR SAME.
CAN A 100% EXPORTED ORIENTED MANUFACTURING UNIT ISSUE FORM H TO THEIR PARTIES TO GET BENEFIT OF VAT?
SINCE IT IS 100% EXPORTED ORIENTED, VAT CHARGED BY PARTIES ARE CLAMIED AS REFUND, IT HAS NO MEANING TO PAY VAT. PLEASE GUIDE. ALSO POSSIBLY PROVIDE SECTION/NOTIFICATION/GUIDELINES FOR SAME.
03 October 2009
Yes H Form can be issued , for all purchases made locally / outside state .
The question of supplier charging VAT doesnt arise if the sale is made against H Form
The question of supplier charging VAT doesnt arise if the sale is made against H Form
05 October 2009
CST against form "C" is also claimable to an EOU.
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