Dear All,
This question may seem rubbish. but is there any implication in GST Rules regarding selling at no profit/no loss?
Suppose I bough Product A for Rs.100/- (incl of all taxes)
1)Can i sell it at Rs.100/- with out considering the profit margin (no quality loss)
2)Can i sell the same product at less than Cost price?(if product has become outdated)
Can any one have your views.