Value of supply inclusive of GST (Rule 35 of CGST Rules)

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....clusive of taxes X tax rate in % of IGST or, as the case may be, CGST, SGST or UTGST) ÷ (100+ sum of tax rates, as applicable, in %) * When the product is sold at MRP(inclusive of tax), tax amount to be indicated on invoice shall be calculated in the above said manner. * The cash discount recovered and interest respectively are inclusive of tax. Thus, tax payable thereon has to be compu....