Sale at less than purchase price allowed in GST?
5 Replies
CA Pratik Patel
(Mr.)
(434 Points)
Replied 14 May 2017
Yes its Allowed. Provided the supplier and the recipient are not related and price is the sole consideration for the supply.
Then if price paid is less than purchase price its allowed.
Then if price paid is less than purchase price its allowed.
Rajeev Kumar Gupta
(accountant)
(54 Points)
Replied 15 May 2017
seller & byer are not related, what other consideration beside price could be?
Rajneesh
(CEO)
(27 Points)
Replied 07 September 2017
in this case does supplier need to reverse the GST input credit ?
chandan Tiwari
(Student CA IPC / IPCC)
(214 Points)
Replied 16 December 2022
Is GST shall be reversed ??
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