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What is H Form ?

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H Form is not applicable in case of Export Sales

It is applicable in case of Sales to Exporter.

Example: 

 

Concept of H form - Different CST Forms

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H Form
•It is a form applicable in case of Sale to Exporter.

•It is given by exporter to seller

•Unlike other forms,Hform is applicable in Case of both Local as well as Central Sales

•It can be given by Registered buyers only

•It is given Quarterly party vise.

•One H form for all purchasesfrom one party in one quarter

•If H form given, Cstnotcharged

•If not given, then CST Charged at full local vat rate of Selling Dealer

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Q3 GOODS PURCHASED FROM WITHIN STATE AS FOLLOWS

A LTD,DELHI
Purchase 200000
20000 kg*I0/kg  
   
VAT 5% 10000
  210000

Suppose Sales made as follows

PARTY STATE TYPE QTY RATE AMT    
AJAY EXPORTS DELHI REGISTERED (H FORM) 12000 15 180000    
VIJAY EXPORTS KOLKATTA REGISTERED(H FORM) 3000 16 48000    
MAX AND CO USA   5000 $1 $5,000 (Exchange rate 60/$)

Pass entries
What is Tax payable?

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Vat Computation Amt CST Computation Amt
Output Vat 0 Output CST 0
Input Vat 0    
Vat Payable 0 CST Payable 0
Vat Credit 0    
Less   Less  
Adjust against Cst 0 Adjust against Cst 0
Balance Vat Credit 0 Balance CST Payble 0

 

Purchase 5% Local Dr 200000

Input Vat 5%                10000

            To A Ltd                       210000

 

Ajay Exports Dr         180000

  To Sales Local h form           180000

 

Vijay Exports Dr          48000

To Sales Central h form          48000

 

Max Ltd Dr        300000

   To Sales Export        300000

 

For the purpose of Vat CST Return,Export Sales are Central Sales

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CA Maninder Singh's photo - Expert in Practical Accounts, Taxation and Efiling
CA Maninder Singh
CA Maninder Singh is a Chartered Accountant for the past 7 years. He provides courses for Practical Accounts, Taxation and Efiling at teachoo.com .
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