one of my client sell aurvedic hair oil on sale price basis not on mrp basis. On which basis he has to charge vat on mrp or sale price . although he has take licence in drug act.
Mr. Pawan Singhal, nice to hear from a fellow CA here. I would refer you to Trade Notice No. 28/2002 where a similar issue has been dealt with. Please refer to this notice I am sure that should solve you problem. In case you can't find it let me know I will send it to you.