This is a discussion on VAT on MRP within the Members Lounge forums, part of the General Discussions category; Hello, Could someone please tell me, do we need to pay VAT on MRP?? or the MRP is inclusive of ...
Hello,
Could someone please tell me, do we need to pay VAT on MRP?? or the MRP is inclusive of VAT?
I live in Mumbai and bought a 2L Cold-drink, Lays chips and some other stuff from a general store. When I asked for a proper bill, the shopkeeper asked me to pay 4% extra on the MRP. Kindly let me know if this was not a fraud.
Thank you,
-Vikas