Composite and mixed supply rules: principal supply governs composite transactions, highest-rate component governs mixed transactions. Tax liability for combined transactions distinguishes composite and mixed supply. A composite supply with a principal supply is treated as that principal ... Summary
Composite and mixed supply rules: principal supply governs composite transactions, highest-rate component governs mixed transactions.
Tax liability for combined transactions distinguishes composite and mixed supply. A composite supply with a principal supply is treated as that principal supply for tax purposes. A mixed supply of distinct supplies is treated as the supply that attracts the highest rate of tax, with that component determining tax liability.
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