Poonam Mehndiratta (Sr. Manager Finance) (30 Points)
03 May 2012Central purchase is eligible for issuance of H form.
Whetther H form can be issued against local purcahse also?
What I came to know is : earlier H form can be issued against central purchase only, but after intoduction of VAT, department issued notification regarding issuance of H form against LOCAL PURCHASE also.
Is it true? If true then please tell me about notification/ circular/ relevant section or law.
Please look into the matter.
Thanx n Regards
CA. Poonam Mehndiratta
Pradeep Kumar Banduni
(Commercial)
(190 Points)
Replied 03 May 2012
Dear Poonam,
Form- H is applicable on deemed export sale. Deemed Exporter have to issue Form-H to his vendor against purchase. either local or central does'nt matter, both are eligible to get Form-H from Deemed Exporter.
MJ Krishnamurthy
(ACCT(Retd))
(7197 Points)
Replied 03 May 2012
Ms Poonam,
Mr Banduni is correct.Read sub sec 3 of Sec 5 of CST Act 1956. The matter will be clear......MJK
M.K.AGGARWAL
(TAX CONSULTANTS)
(232 Points)
Replied 05 May 2012
Yes,Mr. Raj Kumar Garg,says right, against H-Form,any Expoter can purchase either local or central,does'nt matter.
M.K.AGGARWAL
(TAX CONSULTANTS)
(232 Points)
Replied 05 May 2012
Yes,Mr. Raj Kumar Garg,says right, against H-Form,any Expoter can purchase either local or central,does'nt matter.
CAclubindia
