MRP on Composition Scheme



A medical shop registared under composition scheme, can sale at MRP?

 
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ACCOUNTS PROFESSIONAL

yes u can
 
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then what is the difference between regular dealer and composition dealer, composition dealer also collecting tax on margin and paying 1% of turnover?
 
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"Do the Right Thing...!!!"

If MRP products then no more different and they can sell it for the MRP value...

But,
Regular dealer can use the purchase tax as ITC...
 
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no no sir not at all you can not collect tax from your customers. under composition scheme you should pay tax 1 %of your output and cant take set-off benefits as you can not collect tax
 
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As per the scheme tax is not permitted to collect. Is it possible to collect inclusive tax on MRP..?
 
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