Dear Sir/Madam,
I would like to know is there any particular law or section under IT Act or Comapies act towards profit margin applicable for trading comanies to resell the products (which are purchased from manufacturers).
Ex: Co. A is a manufacturer, manufactures a toy and sell the same to a trading co "B" for Rs. 100+GST (as applicable as per GST law). but trading Co "B" will sell the toy to his consumer for Rs. 1,400.00 + Tax.
Please let us know the above transaction is acceptable as per above said law.
Please do the needful.
With Advance thanks
Pradeep Kumar T V
CAclubindia
