I intend to make a sale against H Form. The buyer is providing me H Form as he wants to export the goods purchased from me. I have the following doubts:
1. Will the buyer provide H form for each purchase or a quarterly H Form?
2. What are the other documents that have to be taken along with the H Form?
3. What is my liability if he refuses or is unable to provide H Form (in case of qarterly H forms)?
4. Should I charge NIL sale tax?
Thanks in advance
| Originally posted by : Nikhil Agarwal | ||
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I intend to make a sale against H Form. The buyer is providing me H Form as he wants to export the goods purchased from me. I have the following doubts: 1. Will the buyer provide H form for each purchase or a quarterly H Form? 2. What are the other documents that have to be taken along with the H Form? 3. What is my liability if he refuses or is unable to provide H Form (in case of qarterly H forms)? 4. Should I charge NIL sale tax? Thanks in advance |
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1. Buyer will issue H form quaterly.
2. All export documents.
3. You have to pay tax with interest\panelty.
4. You have to mention in invoice Sales against H Form. No tax will be charged.
Agreed.
In case of export he will provide "BIL OF LEADING" of export sale related to purchase against form H.
Thanks
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