08 May 2017
I am a manufacturer. I purchase the raw material on VAT, manufacture the material and supplied to exporter on Form "H (without VAT) and availed VAT Refund from the department.
09 May 2017
H form is issued to inter-state purchaser who purchases goods for the purpose of exports. Exports shall not attract GST in the new regime also. Under Section 16 of the IGST Act, exports and supply to SEZ is being treated as zero rated supply, not attracting any tax. The procedure is yet to be notified. In answer to your question, all that can be said today is that exports shall not be attracting GST. Under CST law penultimate sale before export was also exempted through form H. This provision is not likely to be there in GST.
CAclubindia
