FORM - H under Maharashtra Vat Act

Mahavat 22752 views 3 replies

'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.

Replies (3)

 

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?

 


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