what is gst law on MRP product

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as per currently we have our goods transfer on 65% abutment rate we transferred our goods but in Gst we not idea what is law for mrp product
Darshan Ashar
Replies (1)

Under the GST, the valuation is based on the transaction value and the concept of MRP based valuation do not exist. However, MRP needs to be affixed to satisfy the conditions of LM Act and its Rules.

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