A question on VAT

617 views 4 replies

Hi friends, 

Yesterday i saw a bill where the shopkeeper had charged VAT on the MRP of the item purchased (A shirt). Isn't MRP inclusive of VAT too. Just wanted a clarification. 

Thank you

 

Replies (4)

look at MRP tag

MRP ....... ( taxes extra), otherwise he can not charge on it

Any vat increased or decreased  in TNVAT ?

yes MRP is inclusive of all taxes definitely including VAT. generally in branded products, the dealers gain is the discount they get on MRP. nevertheless, the bill should not exceed the MRP value and MRP is including the VAT.

Bill amount cannot exceed MRP. MRP is inclusive of VAT and other taxes


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register