How to differentiate Net value of taxable supplies with Tax Deductor?
What is Net value of taxable supplies? How does Tax Deductor work under GST regime? What are the difference between Net value of taxable supplies and Tax Deductor?
Under GST system, the following information explains about Net value of taxable supplies and Tax Deductor.
As per GST terms, “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. Tax Deductor means the person responsible for making the payment to vendor for the supplies obtained for.
The details about Net value of taxable supplies and Tax Deductor 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 Tax Deductor, 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 Tax Deductor separately below. You may kindly read the below links to know more about Tax Deductor and Net value of taxable supplies.
Term Net value of taxable supplies under GST
Tax Deductor under GST
The above information easily explains about Tax Deductor and Net value of taxable supplies.
I hope, you have satisfied with the difference between Net value of taxable supplies and Tax Deductor explained above. Do you have different thought on difference between Tax Deductor and Net value of taxable supplies?
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