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Goods Sold below Purchase Price

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....oods Sold below Purchase Price<br> Query (Issue) Started By: - mahim dangi Dated:- 17-4-2015 VAT + CST<br>VAT / Sales Tax<br>Hello Experts, Is it possible to sell the goods below purchase price ? If....

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.... yes, What are the implications of Vat. For E.g, Goods purchased for Rs, 100/- Vat paid &#64; 5 &#37; = &#8377; 5/- . Total Price &#8377; 105/- Same product is sold for &#8377; 50/- Vat &#64; 5&#37;....

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.... = &#8377; 2.5/- Total Price &#8377; 52.5/- Now can i claim a refund of Excess vat paid of &#8377; 2.5/-? Thanks in Advance<br> Discussion Forum - Knowledge Sharing ....

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