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Open Market Value
What is definition of OMP and how to calculate in practical life
Replies (1)
Open market value means the full value of money excluding taxes under GST
laws, payable by a person to obtain such supply at the time when supply being
valued is made, provided such supply is between unrelated persons and price
is the sole consideration for such supply.
laws, payable by a person to obtain such supply at the time when supply being
valued is made, provided such supply is between unrelated persons and price
is the sole consideration for such supply.
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