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haresh sakhiya

haresh sakhiya (Querist)

10 February 2015 what is H form who issued to whome?

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)

15 February 2015 The H Form under CST is issued when the buyer is an exporter and buys the goods for the purpose of exports. If the exporter buyer issues H form, the selling dealer is not required to charge or pay any CST on the transaction. The seller should obtain H Form in due course along with Bill of Lading for submission to VAT Deptt. or else the selling dealer has to pay CST at applicable rates. Selling dealer should always obtain security to the extent of amount of applicable CST / VAT which is not charged due to anticipated issuance of H Form and the same may be released after receipt of duly filled up H Form along with copy of Bill of Lading in due course.

Also check out below links:

https://taxguru.in/goods-and-service-tax/form-effect-penultimate-sales-cst-act-1956.html

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