Sale of goods at less value than purchase value in gst
This query is : Open
02 August 2017
Hi,
Can we sell goods at less value than purchase value due to fulfillment of previous order under GST.
What will be the treatment under GST. Will it be considered as tax evasion under GST or not ?
Please share clause, if any under GST.
Can we sell goods at less value than purchase value due to fulfillment of previous order under GST.
What will be the treatment under GST. Will it be considered as tax evasion under GST or not ?
Please share clause, if any under GST.
02 August 2017
ITC refunded.......
03 August 2017
we are considering purchase value at basic price and sale value is less than the purchase value (basic price).
In that case, is it considered as tax evasion or not.
We have to fulfill order at loss and want to retain customer for future
In that case, is it considered as tax evasion or not.
We have to fulfill order at loss and want to retain customer for future
03 August 2017
If the buyer is un-related , you can sell even below cost , no worry.
03 August 2017
Thanks for the reply.
But can anybody share any clause in GST for evasion of tax.
What will GST dept. consider it.
loss on sale of goods or reduce value to evade tax.
But can anybody share any clause in GST for evasion of tax.
What will GST dept. consider it.
loss on sale of goods or reduce value to evade tax.
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