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GST After Discount is applicable

552 views 7 replies
Before GST nobody can add any types of vat or taxes after discount according Section 2(d) of consumer Goods Act.
What's after GST ?
if 40% discount applicable on a product and MRP of product is 10000/- and GST is 5% what was the final amount paid by customer to shopkeeper. Kindly tell me briefly.
Thanking You
Replies (7)

1X10000   = 10000

Dis @ 40% =   4000


                    6000

   GST @ 5%    300


                     6300


 

final amount paid by customer to shopkeeper is Rs. 6300/-

it means 40% discount not full 40%
because customer pay 300/- extra for tax and now no meaning of MRP

SIR,

UNDER GST NO CONCEPT OF MRP CALCULATION

it means you can 100% discount charge on sale price no MRP calculation

Ok thanks
@ mr. rajkumar your welcome


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