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.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
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.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.