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Is VAT (value added tax) applicable over MRP (max retail price) of goods

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Is VAT (value added tax) applicable over MRP (max retail price) of goods

where an item is priced MRP of $100,
should a customer pay extra vat eg.10% vat equaling $110 to the vendor,
Isn't MRP a VAT inclusive regulated price?

June 7th 2017 AN ACCA USER 8,520 Points

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