Retail Cash Memo Format
It has been given to understand that the GST will be calculated in the same manner as was advised under the VAT Scheme i.e. the wholesalers, distributors, dealers and retailers will charge VAT at the difference of purchase and sale price - not on the printed MRP or the discounted MRP.
It will be appreciated if the Department of Consumer Affairs get the clarification from the Finance Ministry along with a printed format of retail cash memo. more