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<h1>Understanding 'Net Value of Taxable Supplies': Total Value Minus Returns, Excluding Section 9(5) Services (5)</h1> The term 'net value of taxable supplies' refers to the total value of taxable goods or services provided by all registered taxable persons through the operator in a given month, excluding services specified under Section 9(5). This total is then reduced by the value of any taxable supplies returned to the suppliers during that month.