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Form h for export goods

Shace (Accountant) (28 Points)

03 June 2016

WHAT IS FORM" H"AND HOW IT USE FOR FILING?

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Yogesh Tirthani (Student) (292 Points)
Replied 03 June 2016

H-Form is a certificate issued as proof of Export. This form can be obtained from sales tax dept. When a exporter purchases the material from the sellers and exports then the exporter has to issue the Form –H to the seller from whom the goods are purchased. The seller has to obtained this form – H from the exporter and show it to the sales tax dept to get tax exemption. Along with the form – H the seller has to collect the Bill of lading (B.L) as proof of export. In case if the exporter does not release the Form – H along with the B.L the seller has to pay the Tax at the time of sales tax assessments.

It will be safe for the seller if he can get a D.D. for the tax amount of the goods which is sold to the exporter for the export purpose. Because sometime the exporters fail to provide the form – H to the seller due to unknown reasons, at this time this D.D. which is collected will be off much helpful to the seller.