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Meaning of taxable value and assessable Value.

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(Querist)
17 December 2021 What is difference between
Assessable value and Taxable Value in GST.
Please reply.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
17 December 2021 Assessable value is the value that is used for the calculation of tax which is the transaction value.
Taxable value is the same no difference.

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