Will i have to charge GST over MRP?

Will I have to charge GST over MRP?

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1 Answer(s)

MRP will be taken as inclusive of tax, so on reverse calculation first you will have to find out the net amount and on that you will charge GST. suppose if MRP is 118 and GST on that is 18% then reverse calculation it comes to 100 and on that you will charge CGST and SGST 9% each.

Answered on July 15, 2017.
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Gen GST