Display of price on product under VAT Act

[Ganeshan Kalyani]

Dear Expert,

I would like to discuss for getting clarified on - whether the price should be mentioned on the product under Value Added Tax.

regards,

ganeshan

[rishi mohan]

MRP (Maximum retail price) should be mentioned on the products traded. Secondly price can be obtained from the same category of the goods traded/to be trade,

AI Summary

Display of price: MRP must be shown on products and comparable-category prices may be used to ascertain price.
The advisory states that MRP must be indicated on products and that price for a traded item may be ascertained using price information from goods in the same category (comparable-category pricing) for VAT-related pricing determination.