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    <title>Turnover and Value of Supply</title>
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    <description>Aggregate turnover for threshold registration is computed by reference to gross transaction value of supplies and not by applying the secondhand goods valuation rule; the secondhand goods valuation rule governs taxable value for individual supplies and does not alter aggregate turnover. Dealers under the composition scheme must account for tax on the transaction (sale) value and are not eligible for threshold exemption.</description>
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