How to differentiate Net value of taxable supplies with Non-GST taxes?
What is Net value of taxable supplies? How do Non-GST taxes work under GST regime? What are the difference between Net value of taxable supplies and Non-GST taxes?
As per GST terms, 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 and The new Goods and Services Tax (GST) is the biggest indirect tax reform in India since independence. It is often assumed to be a complete unification of all indirect taxes currently levied in India by Central and State governments.
The details about Net value of taxable supplies and Non-GST taxes with simple language from GST terms have been mentioned in this web blog separately. I suggest you to read these articles on Net value of taxable supplies and Non-GST taxes, so as to enable you to have a clear idea on these shipping terms.
For your immediate reference, we give below web links on Net value of taxable supplies and Non-GST taxes separately below. You may kindly read the below links to know more about Non-GST taxes and Net value of taxable supplies.
Term Net value of taxable supplies under GST
Meaning of Non-GST taxes
The above information easily explains about Non-GST taxes and Net value of taxable supplies.
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