Tax treatment of composite and mixed supplies: composite treated as principal supply; mixed taxed at highest rate. Tax liability distinguishes composite supply and mixed supply. A composite supply is treated and taxed as its principal supply. A mixed supply is treated ... Summary
Tax treatment of composite and mixed supplies: composite treated as principal supply; mixed taxed at highest rate.
Tax liability distinguishes composite supply and mixed supply. A composite supply is treated and taxed as its principal supply. A mixed supply is treated and taxed according to the component that attracts the highest rate of tax, determining the overall tax liability for bundled supplies.
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