Revised Threshold limit and Net value of taxable supplies

Posted on 11 June 2022 Category : GST terms difference

How to differentiate Net value of taxable supplies with Revised Threshold limit?

What is Net value of taxable supplies? How does Revised Threshold limit work under GST regime? What are the difference between Net value of taxable supplies and Revised Threshold limit?

Under GST system, the following information explains about Net value of taxable supplies and Revised Threshold limit.

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, Threshold limit means limit which allows the person to do business without obtaining registration under GST.

The details about Net value of taxable supplies and Revised Threshold limit 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 Revised Threshold limit, so as to enable you to have a clear idea on these GST terms.

For your immediate reference, We give below web links on Net value of taxable supplies and Revised Threshold limit separately below. You may kindly read the below links to know more about Revised Threshold limit and Net value of taxable supplies.

Term Net value of taxable supplies under GST

Revised Threshold limit under GST

The above information easily explains about Revised Threshold limit and Net value of taxable supplies.

I hope, you have satisfied with the difference between Net value of taxable supplies and Revised Threshold limit explained above. Do you have different thought on difference between Revised Threshold limit and Net value of taxable supplies?

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