Composite supply treated as principal supply; mixed supply taxed at component attracting highest tax rate. A composite supply supplied together in the ordinary course of business is taxed as the principal supply, so the bundle attracts the tax rate of that ... Summary
Composite supply treated as principal supply; mixed supply taxed at component attracting highest tax rate.
A composite supply supplied together in the ordinary course of business is taxed as the principal supply, so the bundle attracts the tax rate of that dominant element; a mixed supply of distinct goods or services supplied together for a single price is taxed according to the component that attracts the highest tax rate.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.