I am a registered dealer in U.P I purchased butt hinges from a registered dealer in UP last year against October 2008 against Frm H.Now my export order stands cancelled due to economic recession.Please guide me through
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purchase against form H
Replies (4)
Dear,
Tax will be payable only after sales , if the goods will be return back, no tax. If the goods remain in stock no tax.
Dear Mr Sunil
Thank you for your reply.but what i know is goods purchased against form H must be shipped out of India with in 6 months from the date of purchase.
| Originally posted by :Somit Agarwal | ||
| " | Dear Mr Sunil Thank you for your reply.but what i know is goods purchased against form H must be shipped out of India with in 6 months from the date of purchase. |
" |
yes dats true...but as u said d goods were not exported and hence form H stands void...so ul have to pay tax on such goods...
| Originally posted by :Somit Agarwal | ||
| " | Dear Mr Sunil Thank you for your reply.but what i know is goods purchased against form H must be shipped out of India with in 6 months from the date of purchase. |
" |
Dear Mr. Sunil, Mr. Shiv C is right. Now you have to pay tax on the purchases against form H.
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