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Medicines sales on MRP or normal rate
any gst registration regular and composite dealer trading sales of medicines bills issued to b2b and b2c customers MRP or normal rate applicable on included or excluced gst tax collected.
Replies (4)
Quick Summary
The products which are sold at MRP are always inclusive of all the taxes.i.e., gst is included in the MRP
Composite dealer's are not eligible to collect GST
When you sell MRP it is inclusive of tax.
if you sell below MRP then the total invoice value shall not exceed MRP.
if you sell below MRP then the total invoice value shall not exceed MRP.
Regular Dealer : Can collect tax from Customer , so the goods sold on MRP shall include GST .
Composite Dealer : Cannot collect tax from Customer, the goods can be sold on MRP but GST need to paid on MRP by supplier from his own pocket.
Composite Dealer : Cannot collect tax from Customer, the goods can be sold on MRP but GST need to paid on MRP by supplier from his own pocket.
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