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GST to be charged on MRP ?
GST to be charged on MRP or it is included in MRP? say on Medicines
Replies (4)
Dear Sheetal,
the MRP normally includes all taxes and retailer margin.
MRP somewhat mandated by legal metrology act to create awareness about the product.
we are not supposed to charge anything more than MRP
hope it is clear.
NatarajAn
the MRP normally includes all taxes and retailer margin.
MRP somewhat mandated by legal metrology act to create awareness about the product.
we are not supposed to charge anything more than MRP
hope it is clear.
NatarajAn
yes MRP generally carry all the taxes.
GST is charged on transaction value
Sir thank you very much
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