How to differentiate Taxable supply with Value of supply?
Difference between Value of supply and Taxable supply under GST terms
What is Taxable supply? How does Value of supply work under GST regime? What are the difference between Taxable supply and Value of supply?
Under GST system, the following information explains about Taxable supply and Value of supply.
As per GST terms, Taxable supply means a supply of goods or services or both which is livable to tax under Central Goods.Service Tax Act, 2017 and Value of supply is nothing but the amount paid by the recipient of supply to the supplier as consideration for supply
The details about Taxable supply and Value of supply with simple language from GST terms have been mentioned in this web blog separately. We suggest you to read these articles on Taxable supply and Value of supply, so as to enable you to have a clear idea on these GST terms.
For your immediate reference, we give below web links on Taxable supply and Value of supply separately below. You may kindly read the below links to know more about Value of supply and Taxable supply.
What is Taxable supply under GST
value of supply under GST
The above information easily explains about Value of supply and Taxable supply.
We hope, you have satisfied with the difference between Taxable supply and Value of supply explained above. Do you have different thought on difference between Value of supply and Taxable supply?
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