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Sale price after 1st July of closing stock as on 30th jun
What price to be fixed under gst on MRP items . If I continues to sell at MRP by reverse working GST, then the end user is not benefited which is the ultimate goal of the GST.
Replies (5)
reverse working means inclusive of gst? if yes let me clear u cant charge gst inclusively when u r a registered person
Thanks for your reply, I am not having ED invoices (Only VAT invoices ) for closing stock; hence I can get 40% ITC for CGST on payment of Output CGST. ITC available under SGST is very less due to rate difference. To maintain my operating margin, I am forced to sell over and abobe the MRP. Please clarify with example
Vidyasagar plz try to clear ur current stock till june. In july products would b available with new mrp.u cant sale above mrp.a complaint against u may b filed in this case
Again the wholesaler sells old stock to me (the same difficulty he would also face) after Jun.
No new mrp will be replaced after june
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