kya GST 3B Return me MRP Value pr chukaye gye GST ka ITC claim kr skte h

ITC / Input 259 views 5 replies
meri wholesale medicalshop h
kuchh medicine ke upar MRP value pr tax lagta h jabki uski
sale and purchase hum kam value pr krte h.... to kya m in medicine ki MRP pr ke upar chukaye gye GST ka GST RETURN 3B me ITC claim kr skta hu
Replies (5)
Being a wholesaler you are to charge GST on taxable value. It is retailer who may charge GST on MRP if same is allowed. Otherwise in most of the cases taxable value + GST should not exceed MRP
yes you can adjust this output tax against ITC credit if there is any.
sir humne bhi kuchh medicine ki MRP pr gst pay kiya h aur isliye hum bhi customer se un medicine ki MRP pr gst lete h ......kya ye galat h? vat 7A me hum pahle aisi medicine ko not eligible for ITC me lete the aur vat 10 me hum ise fist point tax me show krte the

to sir gst return me iska ab kya treatment kre
It is absolutely wrong and unfair trade practice. Selling products above MRP is violation of anti profiteering clauses of GST Act. This may lead to cancellation of Registration no.

There ate several other Acts MRTP Act, Essential Commodities Act, Consumer Protection Act which makes selling products over & above MRP punishable offence for unfair trade practice.

So avoid this practice. Whatever wads done in past forget that.
thank you sir


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