return under RCM

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professional
43 Points Joined December 2013
every person who sold the goods at MRP i.e inclusive of tax should file his return as tax payable under Reverse charge
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On 23 August 2017 at 17:58 Report
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Manager-Accounts & GST Consultant
5124 Points Joined July 2014

Not necessarily

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On 23 August 2017 at 18:38
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"Do the Right Thing...!!!"
128147 Points Joined January 2015

No....

He calculate the tax amount includes rate from the MRP.....

If MRP is 100 and Tax Rate is 18%. Then he calculate Rs. 84.75 x 18% = 15.25.... Tax Value is 15.25

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On 23 August 2017 at 18:48
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professional
43 Points Joined December 2013
so he should file as he has collected 84.75 as value and 15.25 as tax from customer ??
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On 23 August 2017 at 19:27
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"Do the Right Thing...!!!"
128147 Points Joined January 2015

Traders also collect tax his sales for the MRP related products... MRP products also include the tax amounts.

 

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On 23 August 2017 at 19:32


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