{"id":49353,"date":"2024-04-15T22:54:28","date_gmt":"2024-04-15T22:54:28","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=49353"},"modified":"2024-04-15T22:54:28","modified_gmt":"2024-04-15T22:54:28","slug":"the-value-of-supply-of-goods-and-services-shall-be-the","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/the-value-of-supply-of-goods-and-services-shall-be-the\/","title":{"rendered":"The value of supply of goods and services shall be the"},"content":{"rendered":"<p>[amp_mcq option1=&#8221;Transaction value&#8221; option2=&#8221;MRP&#8221; option3=&#8221;Market Value&#8221; option4=&#8221;None of above&#8221; correct=&#8221;option1&#8243;]<!--more--><\/p>\n<p>The correct answer is: A. Transaction value.<\/p>\n<p>The transaction value is the price actually paid or payable for the goods and services when sold for export to the country of importation, plus any costs, charges, or expenses incurred after the sale, such as commissions, packing costs, and insurance.<\/p>\n<p>The MRP is the minimum price at which a product can be sold without incurring a loss. It is calculated by adding up the costs of production, marketing, and distribution, and then adding a profit margin.<\/p>\n<p>The market value is the price at which a good or service is freely exchanged between willing buyers and sellers in the market. It is determined by supply and demand.<\/p>\n<p>None of the above options are correct.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[amp_mcq option1=&#8221;Transaction value&#8221; option2=&#8221;MRP&#8221; option3=&#8221;Market Value&#8221; option4=&#8221;None of above&#8221; correct=&#8221;option1&#8243;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[969],"tags":[],"class_list":["post-49353","post","type-post","status-publish","format-standard","hentry","category-gst","no-featured-image-padding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The value of supply of goods and services shall be the<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/mcq\/the-value-of-supply-of-goods-and-services-shall-be-the\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The value of supply of goods and services shall be the\" \/>\n<meta property=\"og:description\" content=\"[amp_mcq option1=&#8221;Transaction value&#8221; option2=&#8221;MRP&#8221; option3=&#8221;Market Value&#8221; option4=&#8221;None of above&#8221; correct=&#8221;option1&#8243;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/exam.pscnotes.com\/mcq\/the-value-of-supply-of-goods-and-services-shall-be-the\/\" \/>\n<meta property=\"og:site_name\" content=\"MCQ and Quiz for Exams\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-15T22:54:28+00:00\" \/>\n<meta name=\"author\" content=\"rawan239\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"rawan239\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"The value of supply of goods and services shall be the","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/exam.pscnotes.com\/mcq\/the-value-of-supply-of-goods-and-services-shall-be-the\/","og_locale":"en_US","og_type":"article","og_title":"The value of supply of goods and services shall be the","og_description":"[amp_mcq option1=&#8221;Transaction value&#8221; option2=&#8221;MRP&#8221; option3=&#8221;Market Value&#8221; option4=&#8221;None of above&#8221; correct=&#8221;option1&#8243;]","og_url":"https:\/\/exam.pscnotes.com\/mcq\/the-value-of-supply-of-goods-and-services-shall-be-the\/","og_site_name":"MCQ and Quiz for Exams","article_published_time":"2024-04-15T22:54:28+00:00","author":"rawan239","twitter_card":"summary_large_image","twitter_misc":{"Written by":"rawan239","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/exam.pscnotes.com\/mcq\/the-value-of-supply-of-goods-and-services-shall-be-the\/","url":"https:\/\/exam.pscnotes.com\/mcq\/the-value-of-supply-of-goods-and-services-shall-be-the\/","name":"The value of supply of goods and services shall be the","isPartOf":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/#website"},"datePublished":"2024-04-15T22:54:28+00:00","dateModified":"2024-04-15T22:54:28+00:00","author":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/5807dafeb27d2ec82344d6cbd6c3d209"},"breadcrumb":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/the-value-of-supply-of-goods-and-services-shall-be-the\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/exam.pscnotes.com\/mcq\/the-value-of-supply-of-goods-and-services-shall-be-the\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/exam.pscnotes.com\/mcq\/the-value-of-supply-of-goods-and-services-shall-be-the\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/exam.pscnotes.com\/mcq\/"},{"@type":"ListItem","position":2,"name":"Gst","item":"https:\/\/exam.pscnotes.com\/mcq\/category\/gst\/"},{"@type":"ListItem","position":3,"name":"The value of supply of goods and services shall be the"}]},{"@type":"WebSite","@id":"https:\/\/exam.pscnotes.com\/mcq\/#website","url":"https:\/\/exam.pscnotes.com\/mcq\/","name":"MCQ and Quiz for Exams","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/exam.pscnotes.com\/mcq\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/5807dafeb27d2ec82344d6cbd6c3d209","name":"rawan239","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/761a7274f9cce048fa5b921221e7934820d74514df93ef195a9d22af0c1c9001?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/761a7274f9cce048fa5b921221e7934820d74514df93ef195a9d22af0c1c9001?s=96&d=mm&r=g","caption":"rawan239"},"sameAs":["https:\/\/exam.pscnotes.com"],"url":"https:\/\/exam.pscnotes.com\/mcq\/author\/rawan239\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts\/49353","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/comments?post=49353"}],"version-history":[{"count":0,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts\/49353\/revisions"}],"wp:attachment":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/media?parent=49353"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/categories?post=49353"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/tags?post=49353"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}