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material sale seller to buyer, seller give to material to
buyer against Form H, so what benefit to seller to submit Form
H for vat purpose.
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Answer Posted / h.r. sreepada bhagi
Form H is Certificate of Export under CST Act. When a Dealer
sells goods to another against Form H, the seller needs to
submit it to his Commercial Taxes authorities to prove that
the goods sold were for export and no tax was collected and
paid to the government.
If the selling dealer fails to produce Form H to their Sales
Tax authorities, he will be liable to pay VAT+Interest &/or
penalty. Form H is the proof of export for the dealer who
has sold the goods for export.
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