CA Bhavin Vora (Internal Auditor) (45 Points)
19 January 2011'B' is exporter and export Goods to 'C'. 'B' purchase goods from 'A' and will issue Form - H to 'A'.
Can 'A' issue Form - H to his Raw Material supplier? or 'A' shall charge VAT in his bill and claim refund.
Please Note that 'A' & 'B' both are from Mumbai only.
Pankaj Arora
(Learner)
(3134 Points)
Replied 19 January 2011
if its local form (H) for exemption of tax than you can issue form H.
But I think Form H is used for export and B should obtain ( form H ) from C.
Mosim
(Internal Audit Vat Audit Dept)
(35 Points)
Replied 19 January 2011
Dear Friend,
Local Form H : B an exporter situated in MUMBAI will issue form H To A against sales of goods which will in future exported to c - outside india
The A will not charged vat in bill to b as sales against form H - NIL TAX
BUT A purchases form his supplier which condition not fitted for Form H. Supplier charged vat in bill to A , A will claimed REFUND at the time of VAT AUDIT.
Condition : 1 all documentation work properly maintained.
2 Original return filing on time
Nikhil
(cc)
(22 Points)
Replied 14 October 2012
Is Export material payment is credited from NRE Account from india the transaction can be consider as complete/Valid?
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