Bhavesh (Accounts) (899 Points)
16 August 2013We are purchasing the material from the Supplier and exporting the goods for the same. Is it necessary to issue the 'H' form for the same. if we dont want to issue the same. what criteria has to be fullfilled. As there is no VAT on Exports. Pls explain.
Rajiv Limbachiya
(Deputy Manager)
(140 Points)
Replied 17 August 2013
If you dont want to issue H Form to your supplier, you have to paid appropriate tax on your bill.
H Form to be issue for exemption of Purchase tax when material is using for Export.
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
LIVE Course on Foreign Exchange Management Act (FEMA)(without recording)
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