Difference between RSP and MRP - Professionals - GST - TIK Share
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Difference between RSP and MRP

Ankit Sharma


MRP stands for Maximum Retail Price. It means, maximum price charged/to be charged to ultimate consumer.

RSP stands for Retail Sale Price. It is the price agreed between buyer and seller. Ex - Sale by wholesaler to retailer.

RSP is always less than MRP.



Santosh Yadav


Dear Sir,


please advise me if my MRP is 1599 or my selling price is 899 so on which amount i am liable to pay excise duty.



Ankit Sharma


Excise duty u/s 4A is levied on MRP declared on package intended for retail sale less abatement if any.