Urgent!! Please Help!!!

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if an exporter who already had done turnover of about Rs. 2,00,000 till date & wanted to issue Form-H to its supplier for upcoming interstate purchase,

What are the formalities to be done in this regard as the exporter is not yet registered under CST & VAT?

Is registration necessary to issue form-H because somewhere I heard that Form-H can be availed by paying Rs. 27/- as stamp duty.

Replies (5)

 

Originally posted by : Mandar Deshmukh

if an exporter who already had done turnover of about Rs. 2,00,000 till date & wanted to issue Form-H to its supplier for upcoming interstate purchase,

What are the formalities to be done in this regard as the exporter is not yet registered under CST & VAT?

Is registration necessary to issue form-H because somewhere I heard that Form-H can be availed by paying Rs. 27/- as stamp duty.

paying to whom and by whom? 

2 L turnover, did not it effected local vat ? by registering with VAT the exporter can claim refund of VAT paid on purchases. 

take registraton under CST and VAT to get regularized, way bills and H forms are required to for merchant exporter to procure goods interstate for export.

Sir,

How can a exporter claim refund of VAT paid on purchases?? as VAT is not leviable in case of Export!!

Originally posted by : Mandar Deshmukh

Sir,

How can a exporter claim refund of VAT paid on purchases?? as VAT is not leviable in case of Export!!
 

yes vat is not applicable in case of export sales, but u have to make purchase for exports, which are vat charged, coz u cant provide them form H without having vat registration. 

in case u obtain goods after paying vat , the same is refundable. 

hi.. i wnt to know that if a dealer is just working as a jobworker and local sale is approximately Rs. 14 lacs.. problem is that if i consider its jobworker income than it becomes nacessary for its accounts get audited under Gujarat Vat Law. 

so please tell me whether i should consider the Turnover of jobworker while deciding wether the dealer is liable for audit or not.

Originally posted by : maitreya

hi.. i wnt to know that if a dealer is just working as a jobworker and local sale is approximately Rs. 14 lacs.. problem is that if i consider its jobworker income than it becomes nacessary for its accounts get audited under Gujarat Vat Law. 

so please tell me whether i should consider the Turnover of jobworker while deciding wether the dealer is liable for audit or not.

job work is a part of turnover while calculating audit criteria,


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