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GST ON MRP goods

Arindam Mukherjee

Can any body help me out the MRP of normal goods. GST Rate of medicines.

Thanks &Regds

Arindam Mukherjee

MRP Concept Doesn't Apply Under GST for Medicines; Standard 12% GST Rate Applies A discussion on a forum addressed the query about the applicability of the Maximum Retail Price (MRP) concept under the Goods and Services Tax (GST) regime, specifically concerning medicines. Two respondents clarified that the MRP concept does not exist under GST. One respondent further explained that a standard GST rate of 12% applies to medicines. (AI Summary)
Goods and Services Tax - GST
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SHIVKUMAR SHARMA on Jul 31, 2017

There is no MRP Concept in the GST.

NEERAJ KUMAR, RANCHI on Jul 31, 2017

Yes no MRP concept in GST.... Normal rate of 12 % applicable for medicine.

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