applicability of vat
This query is : Resolved
29 February 2008
sir
i just want to know that M.R.P.for any product include VAT or not
sir some days before i purchased a computer accessory.On product it is mentioned MRP price but vendor chaged vat on that MRP price
ishe right
thanks
i just want to know that M.R.P.for any product include VAT or not
sir some days before i purchased a computer accessory.On product it is mentioned MRP price but vendor chaged vat on that MRP price
ishe right
thanks
S.Srinivasaraghavan
(Expert)
29 February 2008
Normally under the packaging commodities Act 1987 all inclusive price will have to be printed
29 February 2008
MRP IS THE MAXIMUM RETAIL PRICE WHICH CAN BE CHARGED FROM THE CUSTOMER ,IT SHOULD INCLUDE ALL THE TAXES
29 February 2008
dear sir
clarify me that any vendor can charge VAT on price if this prics is MRP
thanks
regards vikash
clarify me that any vendor can charge VAT on price if this prics is MRP
thanks
regards vikash
01 March 2008
No the vendor cannot charge, please go back and seek a refund of tax, or politely state that you would approach the consumer forum or report to the manufacturer about his discrepancy
MRP itself mean maximum retail price inclusive of all taxes, unless specifically state on the packing , taxes extra.
MRP itself mean maximum retail price inclusive of all taxes, unless specifically state on the packing , taxes extra.
01 March 2008
NO VENDOR CANNOT CHARGE MORE THAN MRP AS THIS IS THE MAXIMUM PRICE WHICH CAN BE CHARGED
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