Outward Tax liability
This query is : Resolved
11 December 2024
hii!! we are retailers dealing in mobile shop. we buy mobile phones from wholeseller and sale to end consumer.
MRP is printed on mobile phone. how should we pay gst under such scenario.
does MRP includes GST??
reverse calculation to find gst and final invoice value is MRP
or
GST is charged on that MRP and final invoice value is MRP plus gst
please guide
MRP is printed on mobile phone. how should we pay gst under such scenario.
does MRP includes GST??
reverse calculation to find gst and final invoice value is MRP
or
GST is charged on that MRP and final invoice value is MRP plus gst
please guide
11 December 2024
MRP is generally excluding GST, unless specifically mentioned as all inclusive.
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