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Urgent!! Please Help!!!

Mandar Deshmukh (Article Assistant) (78 Points)

24 December 2010

if an exporter who already had done turnover of about Rs. 2,00,000 till date & wanted to issue Form-H to its supplier for upcoming interstate purchase,

What are the formalities to be done in this regard as the exporter is not yet registered under CST & VAT?

Is registration necessary to issue form-H because somewhere I heard that Form-H can be availed by paying Rs. 27/- as stamp duty.

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5 Replies

U S Sharma (glidor@gmail.com) (21063 Points)
Replied 24 December 2010

Originally posted by : Mandar Deshmukh
	if an exporter who already had done turnover of about Rs. 2,00,000 till date & wanted to issue Form-H to its supplier for upcoming interstate purchase, What are the formalities to be done in this regard as the exporter is not yet registered under CST & VAT? Is registration necessary to issue form-H because somewhere I heard that Form-H can be availed by paying Rs. 27/- as stamp duty.

paying to whom and by whom?

2 L turnover, did not it effected local vat ? by registering with VAT the exporter can claim refund of VAT paid on purchases.

take registraton under CST and VAT to get regularized, way bills and H forms are required to for merchant exporter to procure goods interstate for export.

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Mandar Deshmukh (Article Assistant) (78 Points)
Replied 24 December 2010

Sir,

How can a exporter claim refund of VAT paid on purchases?? as VAT is not leviable in case of Export!!

U S Sharma (glidor@gmail.com) (21063 Points)
Replied 24 December 2010

Originally posted by : Mandar Deshmukh
	Sir, How can a exporter claim refund of VAT paid on purchases?? as VAT is not leviable in case of Export!!

yes vat is not applicable in case of export sales, but u have to make purchase for exports, which are vat charged, coz u cant provide them form H without having vat registration.

in case u obtain goods after paying vat , the same is refundable.

maitreya (Article assistant) (22 Points)
Replied 25 December 2010

hi.. i wnt to know that if a dealer is just working as a jobworker and local sale is approximately Rs. 14 lacs.. problem is that if i consider its jobworker income than it becomes nacessary for its accounts get audited under Gujarat Vat Law.

so please tell me whether i should consider the Turnover of jobworker while deciding wether the dealer is liable for audit or not.

U S Sharma (glidor@gmail.com) (21063 Points)
Replied 26 December 2010

Originally posted by : maitreya
	hi.. i wnt to know that if a dealer is just working as a jobworker and local sale is approximately Rs. 14 lacs.. problem is that if i consider its jobworker income than it becomes nacessary for its accounts get audited under Gujarat Vat Law. so please tell me whether i should consider the Turnover of jobworker while deciding wether the dealer is liable for audit or not.

job work is a part of turnover while calculating audit criteria,