https://www.taxtmi.com/article/detailed?id=7414 Composite supply requires two or more taxable supplies that are naturally bundled and supplied together with one principal supply; tax on a composite supply follows the rate of the principal supply, whereas supplies not naturally bundled are mixed supplies taxed at the highest applicable rate. Consideration includes payments in money or kind and third party payments but excludes government subsidies; advance payments applied as payment are treated as consideration. Continuous supplies of goods or services are recurring contractual supplies invoiced or paid periodically and may be specifically notified by government. en-us Tue, 16 May 2017 06:46:52 +0530 Tue, 16 May 2017 06:46:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7414 Composite supply requires two or more taxable supplies that are naturally bundled and supplied together with one principal supply; tax on a composite supply follows the rate of the principal supply, whereas supplies not naturally bundled are mixed supplies taxed at the highest applicable rate. Consideration includes payments in money or kind and third party payments but excludes government subsidies; advance payments applied as payment are treated as consideration. Continuous supplies of goods or services are recurring contractual supplies invoiced or paid periodically and may be specifically notified by government. Articles Goods and Services Tax - GST Tue, 16 May 2017 06:46:52 +0530 https://www.taxtmi.com/article/detailed?id=7414