Difference between Value of supply and Reversal of credit

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How to differentiate Reversal of credit with Value of supply ?

 

What is Reversal of credit? How does Value of supply   work under GST regime? What are the difference between Reversal of credit and Value of supply?

 

For your immediate reference, we give below web links on Reversal of credit and Value of supply   separately below.  You may kindly read the below links to know more about Value of supply   and Reversal of credit.  

 

Meaning of term reversal of credit under GST

Term Net value of taxable supplies under GST

The above information easily explains about Value of supply   and Reversal of credit.

 

We hope, you have satisfied with the difference between Reversal of credit and Value of supply   explained above. Do you have different thought on difference between Value of supply   and Reversal of credit?

 

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Sec 98 of CGST Act, 2017 Procedure on receipt of application      

Authority for advance ruling, Section 96 of CGST Act, 2017           

Section 94 of CGST Act, 2017 Liability in other cases         

Liability to pay tax, interest or penalty in certain cases, Sec 93 CGST Act 

Section 90 Liability of partners of firm to pay tax, CGST Act, 2017

Liability of agent and principal, Sec 86 of CGST Act, 2017

Provisional attachment to protect revenue in certain cases, Sec 83 of CGST Act, 2017      

Recovery of tax, Section 79 of CGST Act, 2017

GST exemptions for SME

GST, Composition scheme changes        

Tax wrongfully collected and paid to Central Government or State Government, Sec 77 of CGST Act, 2017            

Section 74 Determination of tax not paid, CGST Act, 2017             

Officers to assist proper officers, Sec 72 of CGST Act, 2017

Compensation to States for loss of revenue under GST

Impact of GST on Retail Sale Traders

 

Meaning of term bond under GST

What is Registered Person under GST

 Import General Manifest (IGM)

Importance of Bill of Lading

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