Cloth dealer old stock fixed rate allowed

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B.com
3025 Points Posted on 23 May 2023
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
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On 23 May 2023 at 17:06 Report
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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.

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GST Practitioner
55067 Points Posted on 23 May 2023
Yes you can.
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On 23 May 2023 at 23:35
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Profession
28261 Points Posted on 25 May 2023
Mrp is the rate as per act. It may be a lower rate.
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On 25 May 2023 at 07:14

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