A trader or retailer under composition scheme can sell its products as per MRP printed in it? we know composition dealer do not collect GST from customer on their selling invoice. sir please explain
but my lawyer said if composition dealer selling goods on MRP, it means dealer is collecting GST from customer and violation provision of GST act 2017.he should sell the goods after reducing MRP by GST amount. sir pl explain
composition dealers should not collect gst. But they have to pay gst on their taxable supplies @ 1% for traders and manufacturer and 5% for restaurants from their own pocket.
CAclubindia
