Tax treatment of composite and mixed supplies: composite supplies follow the principal supply, mixed supplies taxed at the highest-rate component. Tax liability on composite supplies is determined by treating a composite supply as a supply of its principal supply; mixed supplies are treated as the ... Summary
Tax treatment of composite and mixed supplies: composite supplies follow the principal supply, mixed supplies taxed at the highest-rate component.
Tax liability on composite supplies is determined by treating a composite supply as a supply of its principal supply; mixed supplies are treated as the supply that attracts the highest rate of tax. These rules fix classification and the applicable tax rate for bundled or combined transactions under GST.
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