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What is meant by “net value of taxable supplies”?

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What is meant by “net value of taxable supplies”?

Expert Answer
Answered 25 Nov 2022
6142 views

The term "net value of taxable supplies" refers to the total amount of taxable supplies of goods or services, or both, made by all registered parties through the e-commerce operator during any given month, less the total amount of taxable supplies that were returned to the suppliers during that same month.

 

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