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What does the expression “Net value of taxable supplies” mean?

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What does the expression “Net value of taxable supplies” mean?
posted Feb 7, 2018 by Diya Borda

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The expression “net value of taxable supplies” means the aggregate value of taxable supplies of goods or services, other than services notified under Section 9(5), made during any month by all registered taxable persons through the operator reduced by the aggregate value of taxable supplies returned to the suppliers during the said month.

answer Feb 9, 2018 by Shubham Rajput
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