02 February 2012
I am registered under VAT Only,selling goods to one international company for one time only he is paying me by cash and he wants to deduct 5% on total amount and Issuing me Form H , he is saying I can claim 5 % from government. I want to know what is the procedure for this and Do I liable to pay VAT for export of goods.
05 February 2012
VAT is not applicable on export sales and also any tax on goods purchased which are exported subsequently you can make application for refund from the commercial tax department also alternatively if you have any other tax liability you could adjust the same.
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