19 November 2011
Respected All, Please tell me about Form I, Where it use, Who will issue, Tax rate against it, who will receive and where he will submit it, Thanks in advance.
19 November 2011
If you are supplying goods to a unit located within your own state or in a different state. Inter-state sale of goods to a unit located in SEZ is exempt from payment of central sales tax, subject to the purchasing unit issuing a statutory declaration in ‘Form-I’.
19 November 2011
A SEZ Unit issue Form I to get the benefit of CST. The Seller will received it from Purchaser(SEZ Unit) and submitted it to the Sales Tax Department at the time of Assessment. Generally CST is exempted ag. Form I Sale. But as you know that CST if vary state to state and can be changed any state at any time so confirm it from the concern state department.
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