Value of supply inclusive of integrated tax, central tax, State tax, Union territory tax

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..... tax, Union territory tax, the tax amount shall be determined in the following manner, namely,- Tax amount = (Value inclusive of taxes X tax rate in % of IGST or, as the case may be, CGST, SGST or UTGST) (100+ sum of tax rates, as applicable, in %) Explanation. - For the purposes of the provisions of this Chapter, the expressions- (a) open market value of a supply of goods or services .....

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