Tax treatment of composite and mixed supplies: composite taxed as principal supply, mixed taxed by highest-rate component. A composite supply with a principal supply is to be treated and taxed as that principal supply, while a mixed supply of distinct supplies is to be treated ... Summary
Tax treatment of composite and mixed supplies: composite taxed as principal supply, mixed taxed by highest-rate component.
A composite supply with a principal supply is to be treated and taxed as that principal supply, while a mixed supply of distinct supplies is to be treated as the supply that attracts the highest rate of tax, allocating the applicable tax character and rate for levy and collection under the GST scheme.
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