MRP & Abatement in GST billing

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... 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 t .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... o pay Excise (GST ) from 1.7.17? Kindly share your views on this thanks and advance Venkat - Reply By MADAN RAHEJA - The Reply = There is no provision under GST law akin to Section 4A of Central .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... 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. - MRP & Abatement in .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... GST billing - Query Started By: - venkat eswaran Dated:- 21-6-2017 Goods and Services Tax - GST - Got 1 Reply - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X