What is Form H .Why we required form H.
How it can benefit us?



What is Form H .Why we required form H. How it can benefit us?..

Answer / abhivirthi tax and industrial

Under the Central Sales Tax Act 1956, there is a Form called
Form H i.e. Certificate of Export.
Form H used by the seller for claiming the exemption on
making penultimate sales (immediately preceding sale to
exports). Sales made during the course of export are exempt
from the Central Sales Tax Act 1956. The penultimate sale
is also deemed to be an export sale in the course of export
and is exempt from Central Sales Tax. The dealer exporting
goods will Have supporting documents like customs documents,
bank certificate, airway bill or bill of lading, shipping
bill etc. However the penultimate seller will not have any
direct evidence to prove that the sale made is exempt from
tax. In such cases, the actual exporter has to issue a
certificate to the penultimate seller in Form H.

Reply from:
ABHIVIRTHI Tax and Industrial Consultancy,
R.R.JAGADEESAN
VAT PRACTITIONER AND INDUSTRIAL CONSULTANT
H-63, PALAAMI ENCLAVE
NEW NATHAM ROAD
MADURAI - 625014
CELL NO. 9994990599

Is This Answer Correct ?    4 Yes 0 No

Post New Answer

More Taxation Interview Questions

Pass a entry for the Contract receipts of Rs. 20000 after deduction of mobilization adv 30%, TDS 2.244%,Works Contract TDS 2% and retention money @ 10%

9 Answers  


What is MAT? and whom its applicable and what its rate?

7 Answers   Bank Of America,


Income Tax Rules related to TDS?

0 Answers  


what is form requirment for monthly, quartely, and yearly sale return for haryana

0 Answers  


we can cash slase above 20000? and if party pay the above 20000 we can give the recipt.

2 Answers  






What are the Golden rules of accounts? with an example?

12 Answers   DC, OPI Global,


what is TDS & CST ????????

2 Answers   PESPL,


is there any input-output benefit against service tax like vat or not?

1 Answers  


what is mean by differed tax?

3 Answers  


PROFIT FOR THE YEAR 56000 DEPRECIATION AS PER ACCOUNT 9500 DEPRECIATION AS PER TAXATION 6350 TAX RATE 30% PASS ENTRY FOR CORPORATION TAX PROVISION.

1 Answers   ABC,


WHAT IS MAT

17 Answers  


when i worked finalisation of a firm during 2006-07under kerala vat act in 23-9-06 there is a advancesales tax RS 2170 paid by firm and inthe same month vatpayable is rS.5201 the advance tax is deducted from vatpayable that is 5201-2170=3031 is the vat payable during the month. what are the entries passed in computerised accounting during finalisation in this case please explain

1 Answers  


Categories