'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.
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.
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
Is Export material payment is credited from NRE Account from india the transaction can be consider as complete/Valid?
CAclubindia
