In our country, no one knows as for when the rate of any taxes will get changed and/or a new tax/es will get imposed.
Sometimes, to counter the stiff competition, a dealer classify the product being sold under a particular heading taking the benefit of lesser taxes, against the large company classifying the same product under a different head.
Therefore in order to safeguard its interest, the dealer quote the price as rate plus applicable taxes at the time of delivery/invoicing.
When someone quotes his fees or the price of goods, he may use the words, GST extra as may be applicable. This is written in the following cases.
Thus, such clause safeguards the interest of the supplier and also there are clarity and transparency in the transaction.
For example:
This phrase is commonly used in invoices, quotations, or pricing statements to clarify that the GST component is not part of the listed price and will be charged additionally.
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