Is there is any MRP based law

faz man (1 Points)

22 December 2017  

I m in footwear business today I have a issue
my goods cought by sale tax officer
and imposing penalty
MRP of product is Rs 199/-
and manufacture price is shown on invoice is Rs. 50/- plus tax as applicable
they r saying this is wrong

is this is a offence ?
according to GST LAW
then help me please