No tax on MRP. Tax will be charged on transaction value under GST
If MRP is Rs 100/- and GST is 18% you will get the following invoice
Nett Amount: Rs 84.75
GST: Rs 15.25
Total Amount: Rs 100
If you get a Discount of 10% on MRP it will be
Nett Amount: Rs 76.27
GST: Rs 13.73
Total Amount: Rs 90
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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