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How would the buyer give a declaration for re-sale in case of last point collection of tax?

April 26, 2017buyer Case collection Declaration point Re-Sale tax

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How would the buyer give a declaration for re-sale in case of last point collection of tax?

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The buyer intending to take delivery would give declaration for re-sale at the time of giving intention for delivery. Accordingly the seller would issue the invoice, exclusive of sales tax. The declaration form duly signed by the buyer would be forwarded through the buyer’s clearing member to the seller’s clearing member within a specified time after pay-in and payout.