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MRP & Abatement in GST billing, Goods and Services Tax - GST |
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MRP & Abatement in GST billing |
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Dear all, Our mfg products paints & thinner is MRP based item and we pay Excise duty after abatement in MRP rate. What will happen to this in GST billing. how we can show and on what basis we have to pay Excise (GST ) from 1.7.17? Kindly share your views on this thanks and advance Venkat Posts / Replies Showing Replies 1 to 1 of 1 Records Page: 1
There is no provision under GST law akin to Section 4A of Central Excise Rules. Accordingly MRP based assessment is not there under GST. It has to be paid on transaction value in terms of Section 15 of CGST Act read with Valuation Rules. Page: 1 Old Query - New Comments are closed. |
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