Accounts Manager
266 Points
Joined November 2008
Hi,
Form D1 Means a seller, sales theire goods to a local VAT dealer on low tax rate instead of high tax rate, e.i. if x products local tax rate is @ 12%, against D1 it should be @ 5%, in this case selling VAT dealer issued a Form VAT C-4 to purchasing VAT dealer and purchasing VAT dealer will issue D1 forms from concern department after submitting Form VAT C-4.
Thanks,
Bablu Kumar Jha