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Vishnu Awatar Sharma

Vishnu Awatar Sharma

Practice- as a Tax Consultant Post in legaltaxguru.com - office Editor

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3 Comments

  1. 1

    Sita Ram

    Sir I want to know that on what price I have to pay tax
    MRP PRICE OR PRICE ON WHICH I PURCHASED GOODS

    Reply
  2. 2
    ADVOCATE KAMLESH KUMAWAT

    ADVOCATE KAMLESH KUMAWAT

    No MRP provision in GST Draft Law and the method of evaluating the tax of MRP goods is as follows
    Example. Assuming – Goods value on MRP- 6000.00 but sale value-4000 rupees and GST rate- 18%
    Goods – 4000.00
    Add- CGST 9% – 360.00
    Add: SGST @9% – 360.00
    Tax – 720.00
    Total – 4720.00

    Reply

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