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

Advance intermediate licence, Advance Intermediate Licence : An advance ...

Advance Intermediate Licence : An advance intermediate licence is granted to a manufacturer exporter for the import of inputs required in the manufacture of goods to be supplied

Explain quantitative and qualitative research techniques, What is the major...

What is the major difference between quantitative and qualitative research techniques? One of the key aims of qualitative research is to gain preliminary insights into decisio

Describe the term- experimentation, Describe the term- Experimentation ...

Describe the term- Experimentation Experimentation as a technique is normally used when conducting causal research. There are two types of experimentation techniques available

Write a brief note on report presentation, Write a brief note on report pre...

Write a brief note on report presentation. Answer Presentation has become an integral part of most marketing research projects. Most managers are finding it hard to read e

Determine the important factors of marketing research, Determine the import...

Determine the important factors of marketing research? Marketing Research involves following: - i) Product Research: - Assessment of suitability of goods with respect to

What do you mean by vicarious learning, Q. What do you mean by Vicarious le...

Q. What do you mean by Vicarious learning? The consumer doesn't always require going through the learning process himself or herself-sometimes it is possible to learn from obs

Give a overview of organizational buying behavior, Q: Give a descriptive ov...

Q: Give a descriptive overview of organizational buying behavior? Ans: Selling strategies that objective the organisational customer and use the concept of the buying centre bu

Coverage and institute cargo clause, Coverage and Institute Cargo Clause : ...

Coverage and Institute Cargo Clause : Generally these perils are grouped in categories. Depending on the types of cargo policies (which exclude war and strike covers) are: Institu

Meaning and nature of exchange rates , MEANING AND NATURE OF EXCHANGE RATES...

MEANING AND NATURE OF EXCHANGE RATES : During the Great Depression of the 1930s, almost all countries found it difficult to increase their exports. Many of them decided to resort

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