Interested to Buy Any Domain ? << Click Here >> for more details...
what is form 'H'? and why its used in Manufacturing
Industry?
- 10 Answers
- 53185 Views
- TATA, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
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 |
The nature of taxation
If the purchaser did not submit form "c" while purchase from outside state, and he charged for 12.5 % vat, then can he claim input credit for Rs. 12.5 % ?
In the Balance sheet of a company you see the following details, Liabilities: Provision for tax - AY 2008-09 RS 200000 AY 2009-10 RS 300000 AY 2010-11 RS 200000 Assets: Advance Tax- AY 2008-09 RS 150000 AY 2009-10 RS 300000 AY 2010-11 RS 200000 On 15-03-2011, the assessment order for AY2008-09 was received and the final tax liability was stated to be RS 250000. Pass the journal entry for the closing of the relevant accounts in the books for the AY 2008-09.
What is the procedure of geting vat refund for construction division where output is nill?
What is MAt
what is TCS? and why it is collect by Government?
what the meaning of tax
pls define central sales tax , how will show in invoice a cst rate on interstate sales with-out c -form and against c form . clear it
About "H"form
if we are deducting TDS on sodexo .4% means , wht the surcharge & cess in that
what is deemed sales? how to calculated
Whether Tax will be deducted by Deductee as a Society for Construction Contact Rs 3000000 to a Company
Audit 
