What is the solution? if gst rate is 18% & vat rate is 5%, if we will sell under gst and charge gst @18%, it’s price will exceeds MRP.

In case of trading stock held on 30th June on which gst rate is 18% but vat rate is 5%, if we will sell under gst and charge gst @18%, it’s price will exceeds MRP. What is the solution?

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1 Answer(s)

Gst is chargeable on the transaction value which is the price actually paid or payable on the goods.

Answered on July 6, 2017.
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Gen GST