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H form and i form

Bhavesh (Accounts) (899 Points)

19 January 2015

I want to know in details about H form and I form. When the said form is issued and to whom. Please let me know in details regarding the above.

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14 Replies

Basu (Sales) (21 Points)
Replied 19 January 2015

HI Forum, Even i would like to what is the purpose of H form and how it has to be issued.

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CA Neelam Maheshwari (internal Auditor) (497 Points)
Replied 20 January 2015

The H Form under CST is issued when the buyer is an exporter and buys the goods for the purpose of exports. If the exporter buyer issues H form, the selling dealer is not required to charge or pay any CST on the transaction. The seller should obtain H Form in due course along with Bill of Lading for submission to VAT Deptt. or else the selling dealer has to pay CST at applicable rates. Selling dealer should always obtain security to the extent of amount of applicable CST / VAT which is not charged due to anticipated issuance of H Form and the same may be released after receipt of duly filled up H Form along with copy of Bill of Lading in due course.

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Ramanuj (Accountant.) (834 Points)
Replied 20 January 2015

Thanks

But where is use i form please reply.

Thanks

Ramanuj

CA Neelam Maheshwari (internal Auditor) (497 Points)
Replied 20 January 2015

Inter-state sales made to a SEZ dealer registered under the Central Sales Tax Act for use by him in authorized operations in the unit in SEZ is exempt from payment of the Central Sales Tax if the selling dealer furnishes Form I to its assessing authority after obtaining it from the SEZ dealer.

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Bhavesh (Accounts) (899 Points)
Replied 20 January 2015

Originally posted by : CA Neelam Maheshwari
	Inter-state sales made to a SEZ dealer registered under the Central Sales Tax Act for use by him in authorized operations in the unit in SEZ is exempt from payment of the Central Sales Tax if the selling dealer furnishes Form I to its assessing authority after obtaining it from the SEZ dealer.

Thanks Maheshwari for your useful Inputs, I want to know whether the I form is issued to Local Purchaser also if the party is in SEZ (for eg. Maharashtra).

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yogesh (student) (35 Points)
Replied 11 March 2015

Originally posted by : CA Neelam Maheshwari
	The H Form under CST is issued when the buyer is an exporter and buys the goods for the purpose of exports. If the exporter buyer issues H form, the selling dealer is not required to charge or pay any CST on the transaction. The seller should obtain H Form in due course along with Bill of Lading for submission to VAT Deptt. or else the selling dealer has to pay CST at applicable rates. Selling dealer should always obtain security to the extent of amount of applicable CST / VAT which is not charged due to anticipated issuance of H Form and the same may be released after receipt of duly filled up H Form along with copy of Bill of Lading in due course.

Thank you for the info... I would like to know whether INSTEAD of a bill of lading can the H form be attached with a shipping bill..

1 Like

Kinjal Dodia (Student Others) (31 Points)
Replied 23 March 2015

Please solve my query :

My company export fabric with printing on it to a company outside. Please assist from whom should we obtain h form from and how.

Thank You

Pratik (Article Clerk) (21 Points)
Replied 25 February 2016

wheather I forms should be issued monthly or quarterly

Sandeep Jadhav (Bcom ITP STP ITRPS STRPS CS CA FINAL) (1092 Points)
Replied 27 February 2016

ALL DECLARATION FORM I.E. C/H/F/I/E1/E2 ETC ARE ISSUE AND APPLY ON QTLY BASIS OR SIX MONTHLY IF YOU HAVE TO FILE SIX MONTHLY BASIS AS PER MVAT ACT RULE 2002.

HOPE ITS CLEAR ALL YOUR QUERIES.

Surendra (CFO) (21 Points)
Replied 09 April 2016

WHAT SHOULD BE THE H FORM AMOUNT.

PURCHASE PRICE ........... 1000

MVAT - 5%----------------------- 50

==============================

TOTAL VALUE ------------------- 1050

TRASNPORT .................... 100

OCTRIO AMT ..................... 5

TOTAL COST ................... 1155/-

PRICE TERMS EX-FACTORY - H FORM / C FORM AMT SHOULD BE ?????

PRICE TERMS DELIVER NHAVASHEVA - H FORM / C FORM AMT SHOULD BE ?????

PRICE TERMS DELIVER BUYERS FACTORY - C FORM AMT SHOULD BE ?????

PLEASE ADVISE H FORM AND C FORM AMT FOR THE ABOVE

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Subramanya (Tax Consultant) (523 Points)
Replied 11 April 2016

Generally H Form (Deemed Exports) and I Form (SEZ Sales) are issued for both Local and Outside the state transactions.

However, in few states local forms are used

For Eg : Incase of Haryana when the transactions are within the state instead of H Form, one has to use Form D2

yacob (Manager-accounts ) (25 Points)
Replied 13 September 2016

at present most of the states issue the C FORM on monthly basis only

Ajith Kumar Reddy (2 Points)
Replied 30 April 2017

We are located in DTA area

We will do interstate sales to customer in SEZ , for tax exemption we are providing I form but we need clarification on Job work material in following cases

1. A customer located in SEZ of interstate , what forms we need to produce for exempting tax

2.Second we are doing Job work to our own unit which is located in other state , at that case what form we have to provide .