Composition scheme on sale of MRP products

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..... Composition scheme on sale of MRP products
Query (Issue) Started By: - adi sankar Dated:- 17-3-2025 Last Reply Date:- 18-3-2025 Goods and Services Tax - GST
Got 1 Reply
GST
Dear Sir/Mam, .....

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..... 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 .....

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..... 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 .....

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..... 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 .....

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..... espective of MRP concept, subject to the threshold limit prescribed.
Discussion Forum - Knowledge Sharing .....

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