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GST to be charged on MRP ?

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Proprietor
171 Points Posted on 28 July 2017
GST to be charged on MRP or it is included in MRP? say on Medicines
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On 28 July 2017 at 07:10 Report
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SM - Audit & Taxation
156 Points Posted on 28 July 2017
Dear Sheetal,

the MRP normally includes all taxes and retailer margin.

MRP somewhat mandated by legal metrology act to create awareness about the product.

we are not supposed to charge anything more than MRP

hope it is clear.


NatarajAn
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On 28 July 2017 at 07:45
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Proprietor
4869 Points Posted on 28 July 2017
yes MRP generally carry all the taxes.
18 Reply
On 28 July 2017 at 08:47
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1518 Points Posted on 28 July 2017
GST is charged on transaction value
3 Reply
On 28 July 2017 at 08:57
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Proprietor
171 Points Posted on 28 July 2017
Sir thank you very much
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On 28 July 2017 at 19:45


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