TMI BlogComposition scheme on sale of MRP productsX X X X Extracts X X X X X X X X Extracts X X X X ..... Composition scheme on sale of MRP products X X X X Extracts X X X X X X X X Extracts X X X X ..... My query is when a medical shop owner who is registered under composition scheme is selling medicines (all are B2Cs only), then whether a) He can charge MRP straight away and pay 1% GST on such MRP ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... or; b) reduce the deemed taxes from MRP and then pay 1% GST on the net amount which is arrived after reducing the deemed taxes. This is because as MRP products are deemed to be inclusive of taxes an ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d a composition dealer is not eligible to collect taxes. Reply By Sadanand Bulbule: The Reply: As a composition trader, you need to pay !% tax out of your pocket on the value of supply of goods, irr ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... espective of MRP concept, subject to the threshold limit prescribed. X X X X Extracts X X X X X X X X Extracts X X X X
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