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srlling goods on MRP
I am selling some products on MRP which includes all taxes ?? Should I charge GST on MRP which includes all taxes
Replies (3)
No sir, MRP is incl of all taxes...
Then I have to issue bill of supply instead of tax invoice
If you are registerd, you must issue tax invoice.
For MRP products you have to calculate reverse to arrive a t taxable value and GST.
We have also received such bills showing less taxable value , then charge GST, the total will match with MRP.
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