14 March 2010
I hv a manufacturing unit for rubber parts. My VAT case question is for following transaction: I have an export order. The buyer wants me to raise the invoice on their company & the payment would be in foriegn currency through bank. The buyer wants me to deliver the material to another company say "X" having unit within maharashtra & outside maharashtra. My product would be used by the "X" company in their main product & then they will export to the foreign buyer. How would be the VAT application for transaction to my company?
14 March 2010
In your case the sale made to the X company who will be exporting directly to the exporter, will be a penultimate export sale transaction and such transaction would be covered by H form and no VAT or CST shall be leviable on it