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what is form 'H'? and why its used in Manufacturing
Industry?
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Answer / manoj
Form-H is required for doing sales transaction with
interstate for availing central sales tax exemption (CST)
because purchaser is doing transaction for suppling the
products to oveseas client(out of country).
| Is This Answer Correct ? | 79 Yes | 26 No |
Answer / sandeep
form h is used for deemed export, when we export the goods
through an agent it wil use.
| Is This Answer Correct ? | 39 Yes | 12 No |
Answer / atul nema
Forn-H is used in Penultimate sale. Penultimate sales means
sales immediate prior to Direct Export out of country.
Exporter has released that the goods so purchsed were in
the course of export.
Maufeturing Industry wanted to avail zero rated tax on
export turnover while submitting the H-form.
| Is This Answer Correct ? | 31 Yes | 11 No |
Answer / sp
H-Form is
a certificate issued as proof of Export. This form can be obtained from sales tax dept. When a exporter purchases the material from the sellers and exports then the exporter has to issue the Form –H to the seller from whom the goods are purchased. The seller has to obtained this form – H from the exporter and show it to the sales tax dept to get tax exemption. Along with the form – H the seller has to collect the Bill of lading (B.L) as proof of export. In case if the exporter does not release the Form – H along with the B.L the seller has to pay the Tax at the time of sales tax assessments.
| Is This Answer Correct ? | 16 Yes | 0 No |
Answer / masthan
Local Form H : B an exporter situated in MUMBAI will issue form H To A against sales of goods which will in future exported to c - outside india The A will not charged vat in bill to b as sales against form H - NIL TAX. Supplier charged vat in bill to A , A will claimed REFUND at the time of VAT AUDIT.
Condition : 1 all documentation work properly maintained. 2 Original return filing on time
| Is This Answer Correct ? | 12 Yes | 3 No |
Answer / asif
my question is i have no cst no can i sales agianst h form
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / yoganathan.v
FORM H is provided by Buyer to Seller to avail VAT 12.5 %.
| Is This Answer Correct ? | 8 Yes | 30 No |
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