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Revision of MRP
what happens to the stock of MRP good lying with retailer on which the GST rate has gone up to 28% (skincare and hair care products). even after the deemed credit the retailer will have a loss on account of higher GST. If the company revises the MRP upwards, can the retailer sell the old stock at new MRP?
Replies (5)
what is the deposit for gst registration??
why not ? but question raises is
whether such 're packing amounts to manufacturing under current excise regime ?
whether cost of such replacement of packing etc will cover the extra outgo of get ?
whether business will not get affected ?
whether such 're packing amounts to manufacturing under current excise regime ?
whether cost of such replacement of packing etc will cover the extra outgo of get ?
whether business will not get affected ?
| Originally posted by : Amul Sanghrajka | ||
 |
what happens to the stock of MRP good lying with retailer on which the GST rate has gone up to 28% (skincare and hair care products). even after the deemed credit the retailer will have a loss on account of higher GST. If the company revises the MRP upwards, can the retailer sell the old stock at new MRP? |  |
How to the Retailer get Loss Mr. Amul Sanghrajka,
He is sale of his goods to the ebd User/ His Customer. He coolect the Tax from his customers to Govt. Then "How to Get LOSS...?
(If GST affected to only for End users. Not on Manufactures and Dealers)
since it is a MRP based product.. he has to absorb higher GST thereby reducing his margins... and incurring loss..
MRP based supplies not allowed after GST...
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