Sale at less than purchase price allowed in GST?
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Gst sale at less than purchase price.
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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.
Source : Section 15 of CGST Act.
seller & byer are not related, what other consideration beside price could be?
in this case does supplier need to reverse the GST input credit ?
Is GST shall be reversed ??
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