Go AD-Free with CAclubindia Pro and Daily Mobile Updates. Subscribe Now!

Composition scheme on MRP Value

David (article Assistant) (1644 Points)

15 September 2022

Can a composition dealer can sell the product on MRP Value? since the GST is included in the MRP Value?

Reply
Follow
Share

2 Replies

prasad Nilugal ( GST Practitioner & Accounts ) (14916 Points)
Replied 15 September 2022

For Composition Deler , GST is payable on certain percentage of the Turnover, 1%, 2.5%
as the Case may be.

Pankaj Rawat (GST Practitioner) (55057 Points)
Replied 17 September 2022

Yes you can. As Compsoition dealer need to deposit tax on turnover & cannot collect tax from customer .
So you can bill at MRP but cannot collect tax over MRP.

Recent Topics

More recent discussions | Post

Related Threads

Popular Discussion

Start a New Discussion

Meet our PRO Members

Ajinkya Deshpande

PRO MEMBER

BIBIN KUMAR

PRO MEMBER

sameer

PRO MEMBER

AJAY JOSE

PRO MEMBER

madhu sudan

PRO MEMBER

Subscribe to CAclubIndia Pro

Trending Online Classes

GST Demands and Recoveries: Navigating Through the Tides

CA Nipun Arora

Enroll Now

17 July 2025
Certification Course on Practical Filing of Income Tax Returns

CA Pratibha Goyal

Enroll Now

09 July 2025
Certification Course on GSTR-3B Reconciliation with GSTR-2B through AI Tools

CA Deepak Gupta

Enroll Now

15 July 2025

view all classess

Subscribe to the latest topics :

Search Forum:

Forum Home

Popular Threads

Composition scheme on MRP Value

2 Replies

Online GST Certification Course

Leave a reply

Recent Topics

Related Threads

Popular Discussion

Meet our PRO Members

Trending Online Classes

Subscribe to the latest topics :

Search Forum: