Cloth dealer old stock fixed rate allowed

A registered composite scheme cloth business dealer some old stock selling of fixed low rates to customers
question:
dealer selling of fixed low price rate allowed in gst act
Replies (2)
Quick Summary
A cloth dealer operating under the composite scheme is asking if they can sell old stock at a fixed, lower rate. The answer is yes, as the Maximum Retail Price (MRP) is the legally defined rate. Selling below this MRP is perfectly acceptable under GST regulations.

Yes you can.
Mrp is the rate as per act. It may be a lower rate.

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