Mrp and transaction price
This query is : Resolved
28 December 2018
We have MRP on our products considering distributors commission. we sell our products to distributors at different prices (lower then MRP),
A. Is there any rule to mention MRP on GST Invoices ? we are mentioning the transaction value on Invoice.
B. In case of Government assessment can they raise the query regarding tax evasion as the price of Invoice is lower then the MRP ?
Please advice
A. Is there any rule to mention MRP on GST Invoices ? we are mentioning the transaction value on Invoice.
B. In case of Government assessment can they raise the query regarding tax evasion as the price of Invoice is lower then the MRP ?
Please advice
28 December 2018
A There is no rules to mention MRP in invoice. Only transaction value to be mentioned.
B They can't raise any query. Discount in allowed under GST regime.
B They can't raise any query. Discount in allowed under GST regime.
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