Tax benefits from h-form in purchase of raw material
This query is : Resolved
09 May 2012
sir,
i am exporting first time ad i am getting h-form from the purchaser which will exempt me from sales tax now . can i get benefits from h-form if i want purchase raw material for exporting if i can get what is the procedure to get set off from there i have to pay tax for purchase also to get exempted from there if i have h-form what should i do ?
i am exporting first time ad i am getting h-form from the purchaser which will exempt me from sales tax now . can i get benefits from h-form if i want purchase raw material for exporting if i can get what is the procedure to get set off from there i have to pay tax for purchase also to get exempted from there if i have h-form what should i do ?
10 May 2012
Mr Jags,
Your goods are exported by some other dealer and he issues 'H' form so that no tax is charged on your sale to him. Now,your sale is already a sale in the course of export and a sale made to you(raw material) is not eligible for any exemption.You can claim refund of any vat paid on the purchases made by you.....MJK
Your goods are exported by some other dealer and he issues 'H' form so that no tax is charged on your sale to him. Now,your sale is already a sale in the course of export and a sale made to you(raw material) is not eligible for any exemption.You can claim refund of any vat paid on the purchases made by you.....MJK
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