Sales tax exemption , Marketing Research

Assignment Help:

Sales Tax Exemption : Purchase of goods meant for exports are exempted from sales tax including Central Sales Tax. However, the purchaser of goods has to be a registered dealer for the class of goods meant for exports. He is allowed to furnish a satisfactory proof of export of goods to the seller of goods, along with Form-H. Proof of export can be in the form of export-invoice and Bill of Lading (non-negotiable copy) or Airways Bill or postal receipt etc. The seller will then submit the proof of export along with Form-H to the sales tax Authorities.

The exporter has to fill-in Fom-H in triplicate and issue original and duplicate copies to the supplier along with! Form-15 and retain the triplicate copy for his own record. The supplier submits original of Fornl-H and proof of export to the Sales Tax Authority. Thus for availing the benefit of sales tax exemption, the exporter should first get the items concerned covered under his local sales tax registration certificate and apply for issuance of Form-H.

The exporter should enclose the following documents for issuance of Form-11.

i) Copy of shipping bill, duly certified by the customs authority.

ii) Copy of Invoice duly certified.

iii) Copy of letter of credit.

iv) Copy of confirmed exploit-t order.


Related Discussions:- Sales tax exemption

Introduction-export sales contract, Introduction: Exports and imports are ...

Introduction: Exports and imports are carried out by traders who are residents of different countries. Goods have to cross national frontiers and several types of physical and fin

Risk as an importer, Risk as an Importer : The position is entirely oppo...

Risk as an Importer : The position is entirely opposite of what it is for the exporter. If the importer is billed in rupees, he does not stand to loss at all whether the foreign

Case analysis, Why was Cucina Fresca pasta successful? How would you compar...

Why was Cucina Fresca pasta successful? How would you compare the pizza opportunity to that for pasta? How would you compare the actual product development process for each?

Abstract construct, What is the difference between abstract construct and c...

What is the difference between abstract construct and concrete variable?

Excise rebate policy, Excise Rebate Policy : The scheme under which the Ce...

Excise Rebate Policy : The scheme under which the Central Excise exemption or refund is provided is popularly known as Rebate of Central Excise. This scheme operates under Section

Explain search stage in organisational buying, Q. Explain Search stage in o...

Q. Explain Search stage in organisational buying? Search stage: This stage comprises information search regarding vendors their credibility their compatibility with the requi

Conducting business in global marketing, how do sociocultural, economic, le...

how do sociocultural, economic, legal and environment forces factor into conducting business in global marketing?

Objectives-cargo insurance, OBJECTIVES After studying this unit, you sh...

OBJECTIVES After studying this unit, you should be able to : 1. describe the need of cargo insurance in international business; 2. explain various kind of perils covered

Discuss the steps in creating a customer service strategy, Problem: A m...

Problem: A major differentiating factor for companies is the quality of Customer Service. (i) Give the reasons which justify the inclusion of Customer Service as an e

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd