Menu
Form-h
Dears Please clarify my doubts.
X Ltd (Manufacturer,Tamilnadu), Y Ltd (Buyer,Maharashtra), Z Ltd (Third party, USA).
X Ltd sold goods to Y Ltd against CT-1 and Form-C. Y Ltd PO showing they are Export to Z Ltd(USA).
in this situation Y Ltd issue CT-1 and Excise Duty will not be applicable ED=0
My Doubts
1) Y Ltd issue CT-1, Whether Y Ltd should be Export the purchased goods from X Ltd. or can use other?
2) if buyer issuing CT-1 whether they should issue Form-H for CST Purpose?
3) if buyer issue CT-1 and Form-C also , whether this transaction is correct?
Replies (1)
form C is invalid , form H should be issued,
however vat and excise both are diff subject, if the buyer has availed zero CST then form H, if concessional CST then form C
Recent Threads
- Time allowed to buy another asset
- ITR not processed for the FY 2024-25
- Gift of money to my wife.
- Tax Audit If you show Loss
- GST Tax invoice Value Rs..234000
- Can I claim benefit under 54F if I sell my equity
- Income tax refund 25/26
- Who is responsible for paying GST Liability (If th
- Excess Payment on RCM
- AOC4 auto population of previous year data
Related Threads
CAclubindia
