VAT Treatment under Profit Margin Scheme -If Second Hand goods sold in Loss

By Nusrat Abbas   on 27 February 2020


If second hand goods fall under the catagory of Profit Margin scheme while on the scond sales, if we made loss instead of Profit. 

Then VAT will be charged on the full price while VAT already charged on its first supply and it will be duplicated again. What is the treatment on it.

 


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