I have confusion related to gst rate.
A product on which VAT was 5 % and in gst 18% can we sale it more than mrp or any other provision for it plz clear my doubt
A dealer under VAT collects tax on his sales, retains the tax paid on his purchase and pays the balance to the government. Value Added Tax is a consumption-based tax because it is borne ultimately by the final consumer.
Under GST, the tax is levied at every point of sale. In the case of inter-state sales, Integrated GST will be levied and in case of intrastate supplies, CGST and SGST will be charged.
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