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GST on Mobiles

Suman Das (3 Points)

14 June 2020

is there any rules about calculation of GST on maximum retail price,printed on the package of mobile phone.

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KRISSHNAN KP (4215 Points)
Replied 14 June 2020

GST DUE on your taxable value

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Shivam RC (Student) (23683 Points)
Replied 14 June 2020

No Suman Sir. There is no such Rule. GST is levied on the "TRANSACTION VALUE." Refer the Valuation part of the CGST Act 2017. MRP includes GST but the Transaction Value excludes GST.

As per the Provision of Section 15(1) of the CGST Act 2017, GST is levied on the "Transaction Value".

Refer the Provision of Section 15(2) and 15(3) of the CGST Act 2017 for how to determine the TRANSACTION VALUE.

Regards,
Shivam RC.

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