Tax collection on actual sale value: dealers advised to collect tax on sale price to claim input credit. Dealers who paid VAT on MRP for interstate procurements face GST liability on such stock without current input credit; the circular advises collecting tax on the actual sale value rather than on MRP across the distribution chain so dealers can liquidate VAT paid stock and claim input tax credit under GST procedures.
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Tax collection on actual sale value: dealers advised to collect tax on sale price to claim input credit.
Dealers who paid VAT on MRP for interstate procurements face GST liability on such stock without current input credit; the circular advises collecting tax on the actual sale value rather than on MRP across the distribution chain so dealers can liquidate VAT paid stock and claim input tax credit under GST procedures.
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