Tapping Oleo Resin from Forests by Contractors is a Composite Supply; 5% GST Rate Applies.

Tapping Oleo Resin from Forests by Contractors is a Composite Supply; 5% GST Rate Applies. https://www.taxtmi.com/highlights?id=61679 Levy of GST - Tapping/ extraction of Lisa/Resin from reserved forest, van panchayat and civil forest by the selected bidder/contractor - Tapping/ extraction of Lisa/Resin from private (Naap) land on the basis of permit issued by the applicant - The activity by contractor / individual permit holder is a composite supply and supply of goods i.e. Oleo Resin (Lisa) is the principal supply hence GST @ 5 % (2.5% + 2.5%) is payable. - AAR en-us Fri, 28 Jan 2022 18:33:12 +0530 Fri, 28 Jan 2022 18:33:12 +0530 TaxTMI RSS Generator Tapping Oleo Resin from Forests by Contractors is a Composite Supply; 5% GST Rate Applies. https://www.taxtmi.com/highlights?id=61679 Levy of GST - Tapping/ extraction of Lisa/Resin from reserved forest, van panchayat and civil forest by the selected bidder/contractor - Tapping/ extraction of Lisa/Resin from private (Naap) land on the basis of permit issued by the applicant - The activity by contractor / individual permit holder is a composite supply and supply of goods i.e. Oleo Resin (Lisa) is the principal supply hence GST @ 5 % (2.5% + 2.5%) is payable. - AAR Highlights GST Fri, 28 Jan 2022 18:33:12 +0530 https://www.taxtmi.com/highlights?id=61679