The value of all the goods and services consumed in an economy is
arrived at based on certain metrics. In the current tax regime in India,
this value is calculated in different ways. An overview is provided in
the table below:
Tax
|
Value of goods/services
|
Excise
|
Based on transaction value or
quantity of goods or MRP
|
VAT
|
Based on sale value
|
Service Tax
|
Based on taxable value of service
rendered
|
