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Query about h form

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sumanthraviprolu

ca final

63 Points Posted on 18 December 2013

Hi friends,I have a query.please help me.

There is a company in chennai say 'A' which has a branch office in Andhra pradesh say 'B'.There is also a sister concern in chennai for company 'A'.The sister concern is completely into exports.

The sister concern has an export order in hand.To export the goods,they have to be packed in bags which were bought from a dealer in Andhra Pradesh.Branch office 'B' has packed those goods and sent them to the sister concern for export.The dealer has raised the invoice on the branch office 'B' and asking for a 'H' form from branch office 'B'.

My query is whether the dealer should reissue an invoice in the sister concern's name as the export order belongs to the sister concern and take 'H' form from the sister concern?

Is there any other treatment which can affect all the three parties viz. dealer,the branch office 'B' and the sister concern?

this is urgent. and thanks in advance.

Replies (2)

Aniket Gupta

Accountant

69 Points Posted on 19 December 2013

HI SUMAN,

IN THIS CASE YOUR DEALER IS ABSOLUTELY BONAFIDE AND THEY HAVE RIGHT TO RECEIVE H FORM FROM "B" OR "A" BUT NOT "S" DUE TO A AND B IS SAME ENTITY HOWEVER YOUR SISTER CONCERN HAS SEPRATE ENTITY SO S CANT ISSUE H FORM TO YOUR SUPPLIER.

BUT PROBLEM WILL ARISE OF B/L COPY ????

TREAETMENT !!!!!!!!

1. B HAS TO ISSUE A DEBIT NOTE TO YOUR SUPPLIER AGAINST GOODS RETURNED WITH GATEPASS AND TRANSPORTER BUILTY ETC ( CALLED ARRANGEMENT YOU KNOW WHAT I WANT TO SAY)

2. NOW SUPPLIER HAS TO ISSUE A INVOCE TO YOUR SISTER CONCERN, AND S HAS TO ISSUE ROAD PERMIT TO YOUR SUPPLIER DUE TO IT IS MATTER OF TWO STATE.

3.AFTER ALL THIS S CAN ISSUE FORM H TO YOUR SUPPLIER ALONG WITH BL COPY

IF ANY CONFUSION ??? ASK ME