Amount of Form H

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..... Amount of Form H
Query (Issue) Started By: - VIjay Lagad Dated:- 18-7-2011 Last Reply Date:- 18-7-2011 VAT + CST
Got 3 Replies
VAT / Sales Tax
We had sold some goods against Form H. In the invoice we have added cost of packing & forwarding to the party ? Now party had issud us Form H for Cost only & not for the cost of packing & forwading. Is it correct or we should demand Form H for .....

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..... all amount (Inclusive of packing & forwarding) Thanks & regards Vijay Lagad Reply By pradeep khatri: The Reply: Dear Vijay, Kindly refer Section 2 (25) of the Maharashtra Value Added Tax Act wherein Sale Price means the amount of valuable consideration paid or payable to a dealer for any sale made including any sum charged for anything done by the seller in respect of the goods at the time o .....

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..... f or before delivery thereof, other than the cost of insurance for transit or of installation, when such cost is separately charged. Therefore, the value of Form H will be gross up of cost of packing and forwarding charges. Thanks & Best Regards, Pradeep Khatri Reply By VIjay Lagad: The Reply: Dear Sir, Would you please provide us any notification or document for issuing of Form "H". So as t .....

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..... o ease us to confirm the case. Thanks & Regards VIJAY LAGAD Reply By pradeep khatri: The Reply: According to us, there is no need to provide the tax laws, definition of sale price is sufficient as mentioned in the Section 2 (25) of the MVAT Act. Further, you may also check it from your counsel.
Discussion Forum - Knowledge Sharing .....

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