Regarding mvat calculation.

This query is : Resolved

amit chawan (Querist)
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15 May 2014 Hi,

We are purchsing sandle at MRP. 139/- & he giving discount of 18.5% & charging MVAT @ 12.5%.
My question is that VAT will be applicabe on the MRP or not. Because MRP includes all the taxes and above that no price can be added.

Regards,

Amit

Sandeep Dharar

Sandeep Dharar (Expert)
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19 May 2014 vat WILL B APPLICABLE IN THE MRP.

DrSANGITA PHD MBA(usa)CACSCWA

DrSANGITA PHD MBA(usa)CACSCWA (Expert)
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20 September 2014 Mr sandeep the querist has asked VAT will be applicable on MRP or Not & he has not asked whether VAT is Included in MRP or Not. hence the answer to his query would be
"VAT is applicable on the Billing ( After Discount) & not MRP. Excise Valuations are done on MRP after allowing for the Abetments as per Excise Valuation Rules

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