09 March 2009
Hi frnds i hv a doubt which relates to marginal VAT. pl guide me
1. in the first instance a dealer buys goods from exempted unit and sells the same : a. at some (margin) profit b. below the cost price
2. Dealer A sells these goods procured from 1.a. to dealer B and dealer B sells the same in the market below the cost price and at profit. hw would be the VAT TREATMENT????
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