MRP & Abatement in GST billing

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....RP & Abatement in GST billing<br> Query (Issue) Started By: - venkat eswaran Dated:- 21-6-2017 Last Reply Date:- 21-6-2017 Goods and Services Tax - GST<br>Got 1 Reply<br>GST<br>Dear all, Our mfg prod....

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....ucts paints & thinner is MRP based item and we pay Excise duty after abatement in MRP rate. What will happen to this in GST billing. how we can show and on what basis we have to pay Excise (GST ) fro....

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....m 1.7.17? Kindly share your views on this thanks and advance Venkat Reply By MADAN RAHEJA: The Reply: There is no provision under GST law akin to Section 4A of Central Excise Rules. Accordingly M....

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....RP based assessment is not there under GST. It has to be paid on transaction value in terms of Section 15 of CGST Act read with Valuation Rules.<br> Discussion Forum - Knowledge Sharing ....