About form-h
rasheed
(Querist) 16 July 2015
This query is : Resolved
Dear Sir/Madam,
I'am working in a factory in Karnataka in where we are exporting sugar from our own manufacture & some time we purchase from other manufacturer & export, Sugar is a exempted from Tax in Karnataka, help me about Form-H for above two type transactions.
Thanks & Regards,
Mulla Rasheed.
Anirudh
(Expert) 16 July 2015
For the quantity of sugar which you manufacture and export, you don't require any Form-H.
For the quantity of sugar which you purchase and then export as such (i.e. without doing any process and modification etc.) you can purchase it without paying any sales tax (VAT). However, for this you have to furnish Form-H to the seller from whom you are buying the sugar. If the sugar purchased by you by furnishing Form-H without payment of Sales Tax is not exported (you should have enough proof to show that you exported the bought out sugar), then you will be in trouble.
Rajendra K Goyal
(Expert) 16 July 2015
Consult local tax consultant or raise your query in CA Club of India.
