Sales on MRP pharmacy composite dealer
This query is : Resolved
Quick Summary
Kollipara Sundaraiah
(Querist)
05 September 2021
Sir,
A gst registered composite scheme pharmacy store business dealer purchase of medicines different tax rates (12 or 18 or 5 percent) goods.but sales of medicines value applicable on normal rate or MRP rate in gst act.
A gst registered composite scheme pharmacy store business dealer purchase of medicines different tax rates (12 or 18 or 5 percent) goods.but sales of medicines value applicable on normal rate or MRP rate in gst act.
CA R SEETHARAMAN
(Expert)
05 September 2021
MRP rate applicable as GST is included in MRP.
CA Kushwanth AVSR
(Expert)
06 September 2021
The Value at which you are selling the medicines. You have to pay tax @ 1% on the price that you are selling the medicines and you are not allowed to collect that 1% tax from your customers.
Lekhraj sood
(Expert)
06 September 2021
And also not allowed to take any Input Tax Credit
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