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what is form 'H'? and why its used in Manufacturing
Industry?
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Answer Posted / masthan
Local Form H : B an exporter situated in MUMBAI will issue form H To A against sales of goods which will in future exported to c - outside india The A will not charged vat in bill to b as sales against form H - NIL TAX. Supplier charged vat in bill to A , A will claimed REFUND at the time of VAT AUDIT.
Condition : 1 all documentation work properly maintained. 2 Original return filing on time
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