Are you shopping at Myntra.com? Have your ever checked your bill?
Are you shopping at https://www.myntra.com/ ? Have you ever checked your bill? It has come to the notice that www.myntra.com has been selling the products online by announcing the sales discount and sales discount has not become part and parcel of marketing activities. However, it is also adapting to unfair business practicse as surprisingly myntra.com seems to be flouting the regulations concerning MRP. Maximum Retial Prices (MRP) are always inclusive of sales tax and all other charges and as per rules, no product can be sold at a price higher than MRP. It is seen that Myntra.com is charging VAT on the MRP without looking into the fact that the prices after the discount on MRP are also inclusive of VAT and other charges. This is illustrated as below from an invoice raised by myntra.com Invoice No. INV_1503073779_29 dtd. 17/05/2017 1. MRP: Rs. 2199.00 Break up for the purpose of VAT calculation i) Basic Price