Check sibling questions

Retail Sales Price (RSP) means

Maximum Retail Price to Ordinary Customer inclusive of all taxes and freight, transport charges, advertisement/packing forwarding charges etc


Price is Sole Consideration for such sale, Hence taxes are normally included while calculating RSP


If as per Legal Metrology Act or Central Excise Act, these taxes are to be excluded while calculating Retail Sales Price, then these are not taken into account for calculation.

CA Maninder Singh's photo - Expert in Practical Accounts, Taxation and Efiling

Made by

CA Maninder Singh

CA Maninder Singh is a Chartered Accountant for the past 12 years. He also provides Accounts Tax GST Training in Delhi and Kerala.