FAQs on Rates inter alia explain 'Retail Sale Pricing', GST on Export Incentive Licenses

FAQs on GST Rates inter alia clarify that prefabricated buildings, including portable and mobile toilets, fall under heading 9406 and attract 18% GST, while battery for mobile handsets shall fall under heading 8506 and attract 28% GST; ‘Retail Sale Price’ (RSP) declared on the package of a commodity is inclusive of all taxes including GST, but GST will be payable on the transaction value; In respect of readymade garments, Govt. clarifies that ‘sale value’ of...