dear sir, authorise supplier had quoted excise duty as inclusive during quotation for supply before GST. now GST has implemented. will basic rate change? what about the pass on credit input regarding excise duty? shall be basic price reduced?
GST Council tried its best so that final tax rates are revenue neutral. In most of the cases GST rates are combination of VAT +:Excise Duty or Service Tax. So in your case you replace Excise/ VAT with GST. Also if he charges rates inclusive of excise plus GST anti profiteering provisions are applicable and same is bared under GST Act.