21 June 2017
I am an exporter and wondering how H forms & ARE-1 form be handled for VAT & Excise refunds / credit. Currently we issue H form and ARE-1 to our suppliers and get goods without VAT/Excise, will the process change after GST India?
21 June 2017
Under GST regime all forms i.e 'C' form, 'F' form, 'H' form will be abolished and until and unless supply is specifically exempted or taxable at 0% rate, every supply is taxable and tax has to be paid even if stock is transferred from one branch to other in other state.
For exporters government has clarified that first they purchase goods after paying tax and refund claim is to be filed after shipment is made
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