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THE TELANGANA GOODS AND SERVICES TAX ACT, 2017
CHAPTER I - PRELIMINARY

2(73). "market value"

In this Act, unless the context otherwise requires,-

(73). "market value" shall mean the full amount which a recipient of a supply is required to pay in order to obtain the goods or services or both of like kind and quality at or about the same time and at the same commercial level where the recipient and the supplier are not related;