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REFUND ENQUIRY

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I am a retailer in medical store I buy medicine from wholesaler with paid of 12%gst but I sell the medicine to consumer in mrp but didn't apply extra tax to consumer because in mrp retain inclusive of all taxes.
Can I take benefits of input tax credit.
Replies (2)
u will have collect and pay tax on sales . MRP contains your output tax. So determine your liability by Output - input and pay difference.
u will have collect and pay tax on sales . MRP contains your output tax. So determine your liability by Output - input and pay difference.


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