28 April 2012
Mr Author, In all VAT Acts input tax set off is allowed even on CST sales. Here as no H form is issued you should charge CST @2% against 'C' form or 14%(full rate) without it....MJK
Querist :
Anonymous
Querist :
Anonymous
(Querist)
30 April 2012
Sir, My question is, for eg. Mr.A is a Merchant exporter in state of Maharashtra, he purchased goods form Mr. B of Mumbai on which 12.5% VAT was charged. Subsequently, the same goods has been exported by Mr. A to US without any tax. Now my question is, Whether Mr. A will get refund of MVAT paid on purchases ?
30 April 2012
Mr Author, In this type of cases refund of tax to 'A' may not be possible.A will get exemption from tax if it is a sale in the course of export.Here 'A' should place order to supply goods to 'B' for the purpose of export quoting the international purchase order recived by him,with details of specific goods.A should also issue a H form certifying that the goods procured vide certain purchase orders were exported as per the international P.O. along with shipping documents. As you can not furnish all these documents it may not be possible...MJK