Re: [www.keralites.net] Selling more than MRP

Absolutely... MRP indicates a price on which nothing can be charged extra. MRP is inclusive of VAT (Value Added Tax) which is the old 'Sales Tax'. If the dealer wants to collect and show the VAT on his Invoice, he has to work backwards, deduct the Tax content to be taken off from the MRP and the LP (List Price) arrived at. Under any circumstance, the net price shall not exceed the MRP.

You may also see the price label. If it is written Taxes extra after MRP, the dealer can be sued under the Monopolie and Restricted Trade Practices Act, and the State Value Added Tax Rules. Good luck.

Jayakumar

On 18 December 2010 22:19, Abdul Salam T B <salambahrain@gmail.com> wrote:

Hi

could you make the item more specific?

Which brand-What price shown the product-How much did they charge-

There is no item in India as MRP (Exclusive of taxes) at present with the Introduction of VAT, (Tax is collected on Retail Price).

VAT Bill shows How much amount you paid as Tax and how much the cost of item.

If it does not show, they are selling without VAT Registration/ doing unaccounted sales.

There shall be TIN (Tax Index Number) in the Invoice.

Lodge a complaint to State Commercial Intelligence Department.

On Fri, Dec 17, 2010 at 1:04 PM, VK Subramanian <vks_nsk@yahoo.com> wrote:

Hi--Mr.Venki

Acording to my knowledge goes, charging anything more than MRP is a crime---(unless some company mentions in small (unreadable) letters--as * t& c apply---

VKS

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From: venki balu <venkibalu51@gmail.com>
To: Keralites <Keralites@YahooGroups.com>
Sent: Thu, 16 December, 2010 12:58:05 PM
Subject: [www.keralites.net] Selling more than MRP

Friends,

I reside in Bangalore.

I recently boughtsome items from Bangalore Central (owned by Future Group).They have billed atMRP as well as charged VAT on the MRP.

MRP printed on the package says it is inclusive of taxes. In my opinion, what Bangalore Central havedone is legally wrong.

Pl advise pain-free mannerof getting this redressed. My complaint to them by email is still unanswered.

Rgds,
Balu

---

www.keralites.net

Abdul Salam
09895978222

Jayakumar N
Manakkatt Matom

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