Sale at below purchase price in GST

Gagan Singla (564 Points)

13 May 2018  

WE ARE DEALING IN XYZ GOODS WHICH ARE PURCHASED AT SUPPOSE 100/- GST 18/-
IN THE MEAN TIME DUE TO MARKET SLUMP, RATE GOES DOWN, PRODUCT GOT SOLD AT 40/- RATE IS 18% SO TAX IS 7.20/- WHAT SHOULD BE DONE TO BALANCE ITC