what is the applicability of VAT on third party exports?
Party A manufactures goods and raises a bill on Party B, A (located in SEZ) also exports these goods to Party C. Party B raises a bill on Party C.
When is the incidence of VAT liability,if any?
thanks in advance
Your question is not clear. Who is the foreign buyer in this, what does it means that A also export from SEZ.
1. If Mr. A is a manufactuer and sales the goods to Mr.B. Mr. A has to raise the Taxable Invoice on Mr.B.
2. If Mr. B is the exporter, and he exports the goods, Mr. B has to issue the Form H to Mr. A. to get tax refund.
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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