Goods Sold below Purchase Price, VAT + CST

[mahim dangi]

Hello Experts,

Is it possible to sell the goods below purchase price ? If yes, What are the implications of Vat.

For E.g, Goods purchased for Rs, 100/- Vat paid @ 5 % = ₹ 5/- . Total Price ₹ 105/-

Same product is sold for ₹ 50/- Vat @ 5% = ₹ 2.5/- Total Price ₹ 52.5/-

Now can i claim a refund of Excess vat paid of ₹ 2.5/-?

Thanks in Advance