Hi Everybody,
On which rate GST is calculated? MRP, sales rate or profit margin
1 Replies
Vipul Maheshwari
(Goods and Services Tax Consultant)
(208 Points)
Replied 30 June 2017
transaction value -price actually paid or payable,where price is the sole consideration and supplier and receipient are not related
GST is inculsive of MRP as you cannot collect any amount above MRP
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