24 February 2009
NO. FORM H IS FOR EXPORTERS ONLY & NOT MANUFACTURERS FOR EXPORTS. IN YOUR CASE QUESTION THE LIABILITY IS TO GIVE VAT TO YOUR SUPPLIER & ASK HIM TO CHANGE THE BILLING FROM H FORM TO VAT BILL
24 February 2009
thanks for ur reply. Further i would like to know that since form H is already issued by the dealer in financial year 2007-2008, the seller has already filed the sales tax return, how will he issue revised invoices by charging vat. And also, please do let me know how to qualify such transaction in the VAT audit report. Should the dealer be made liable to pay tax and then get it refund in the VAT audit report.
26 February 2009
ALL THE RETURNS WILL HAVE TO BE REVISED. & YOUR VAT AUDIT REPORT WILL SUGGEST THE DEALER TO CORRECT THIS MISTAKE & FILE REVISED RETURNS.
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