Goods and Services Tax – Started By: – RameshBabu Kari – Dated:- 28-7-2017 Last Replied Date:- 30-7-2017 – Dear Expert,If the price of the product was Rs.10,000/- which was pre-gst price including vat to the customer in the market. Price of the same product will be the same ₹ 10,000/- even post gst ?i.e Post gst price of the product, if gst rate is 18% = price of the product is ₹ 10,000/-(cost = 8200 + cgst 900 + sgst 900)orPost gst price = 11800/=(10,000+1800)Which one is correct ? and is there any wrong on the 11800/- of the product to the custome ? Please clarify with applicable provisions and rules of gst. – Reply By KASTURI SETHI – The Reply = Rs.10000/- was inclusive of VAT. Now VAT stands subsumed into GST. VAT is replac
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