https://www.taxtmi.com/forum/issue?id=108434 Query whether selling goods below purchase price is permissible and what VAT consequences follow, illustrated by an example where input VAT paid at purchase exceeds output VAT charged on a below-cost sale, and whether the excess input VAT can be claimed as a refund. en-us Fri, 17 Apr 2015 01:19:51 +0530 Thu, 23 Jan 2025 15:56:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=108434 Query whether selling goods below purchase price is permissible and what VAT consequences follow, illustrated by an example where input VAT paid at purchase exceeds output VAT charged on a below-cost sale, and whether the excess input VAT can be claimed as a refund. Discussion-Forum VAT / Sales Tax Fri, 17 Apr 2015 01:19:51 +0530 https://www.taxtmi.com/forum/issue?id=108434