VAT Credit
This query is : Resolved
09 June 2009
Dear Experts,
Can we sell the goods at the rate which is lesser than the purchase price as per VAT rules?
If so, whether can we get refund from the dept., for the excess VAT which we paid while purchasing the goods.
Please clarify me. I am facing problem over here.
Regards,
OR
Can we sell the goods at the rate which is lesser than the purchase price as per VAT rules?
If so, whether can we get refund from the dept., for the excess VAT which we paid while purchasing the goods.
Please clarify me. I am facing problem over here.
Regards,
OR
10 June 2009
Yes, there is restriction under Delhi VAT Laws. But, you can't follow that parctice on regular basis because there is also define"fair market value".
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