GST – Composition
Query (Issue) Started By: – Ethirajan Parthasarathy Dated:- 27-7-2018 Last Reply Date:- 31-7-2018 Goods and Services Tax – GST
Got 6 Replies
GST
A Composition dealer sells goods at MRP which is inclusive of taxes. Does it mean he is collecting GST which is prohibited under GST Act.
\nReply By KASTURI SETHI:
\nThe Reply:
\nYes. As per definition of MRP, all kinds of taxes are subsumed in this price.
\nReply By DR.MARIAPPAN GOVINDARAJAN:
\nThe Reply:
\nYes. it is inclusive of GST also. As per the requirements of GST inclusive tax concept should not be adopted. All taxes are explicitly to be noted.
\nReply By Alkesh Jani:
\nThe Reply:
\nSir,
\nIn this regards, The goods received by a composition dealer of certain value (Deal<\/p>\n
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