Goods Sold below Purchase Price

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..... Hello Experts, Is it possible to sell the goods below purchase price ? If yes, What are the implications of Vat. For E.g, Goods purchased for Rs, 100/- Vat paid @ 5 % = ₹ 5/- . Total .....

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..... Price ₹ 105/- Same product is sold for ₹ 50/- Vat @ 5% = ₹ 2.5/- Total Price ₹ 52.5/- Now can i claim a refund of Excess vat paid of ₹ 2.5/-? Thanks in Advance .....

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..... - Goods Sold below Purchase Price - Query Started By: - mahim dangi Dated:- 17-4-2015 Value Added Tax - VAT-CST - VAT and Sales Tax - Discussion Forum - Knowledge Sharing, reply post by an expert .....

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..... , personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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