Please any one tell me gst is applicable on Mrp or Discounted Rate.? For Exmple- one Shoe having Mrp Rs 600/- which fall into 18% gst but the seller give some discount and selled it on Rs 500/- to the customer then what gst % is applicable on it 5% or 18%...? Plz Reply
Ok thanx for your kind information. But Some one told me Gst is applicable on discounted Price.. Thats why i have a little confusion about it. Thank you
CAclubindia
