TaxTMI 
TaxTMI 
TaxTMI 
Valuation of goods sold in different units like pair, dozzen, sets, bundles, boxes and units.
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....aluation of goods sold in different units like pair, dozzen, sets, bundles, boxes and units.<br> Query (Issue) Started By: - Rajesh Kumar Dated:- 10-8-2019 Last Reply Date:- 13-8-2019 Goods and Services Tax - GST<br>Got 8 Replies<br>GST<br>Client busy in trading of bed sheets. As per tariff, if item is valued under ₹ 1000 then duty rate will be 5% and if value more than ₹ 1000 then rat....
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....e of duty is 12%. Now issue is he is selling goods in dozens, sets, boxes, pairs, units etc which valued more ₹ 1000 per dozens, sets, boxes etc. Now please suggest at which rate of duty he should cleared the bedsheets. Reply By KASTURI SETHI: The Reply: Is Chapter/Heading of both kinds of sheets the same or different ? Chapter 48 and 63 both. Pl. elaborate in detail. Reply By Rajesh ....
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....Kumar: The Reply: Sir, Chapter/Heading of both kinds of bedsheets is same ie 63 but selling in different units like dozens, sets. For example he is selling bedsheets 7200/ dozen then one bedsheet costs 600. Then whether he have to charge 5% or 12%. As per tariff, the selling unit should be piece for counting rate of duty. Reply By KASTURI SETHI: The Reply: Yours is not a case of mixed supply. ....
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....Example quoted by you attract GST @ 5 %. You are selling a single item. Relevant extract of Board's Flyer No.4 dated 1.1.18 Mixed Supply Under GST, a mixed supply means two or more individual supplies of goods or services, or any combination thereof, made in conjunction with each other by a taxable person for a single price where such supply does not constitute a composite supply; Illustr....
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....ation : A supply of a package consisting of canned foods, sweets, chocolates, cakes, dry fruits, aerated drinks and fruit juices when supplied for a single, price is a mixed supply. Each of these items can be supplied separately and is not dependent on any other. It shall not be a mixed supply if these items are supplied separately. In order to identify if the particular supply is a Mixed Supply,....
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.... the first requisite is to rule out that the supply is a composite supply. A supply can be a mixed supply only if it is not a composite supply. As a corollary it can be said that if the transaction consists of supplies not naturally bundled in the ordinary course of business then it would be a Mixed Supply. Once the amenability of the transaction as a composite supply is ruled out, it would be a m....
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....ixed supply, classified in terms of a supply of goods or services attracting highest rate of tax. Reply By Ganeshan Kalyani: The Reply: Selling in dozens, sets etc are method of supply/despatch. It will not alter the price of the product. Reply By KASTURI SETHI: The Reply: Dear Sh.Kalyani Ji, Your one sentence, rather, two words' has given final touch to my views. "Selling in doz....
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....ens, sets etc are method of supply/despatch. It will not alter the price of the product." Well expressed. Reply By Ganeshan Kalyani: The Reply: Thank you Sir. Reply By YAGAY andSUN: The Reply: You have to depict the UOM as mentioned against the HSN only, as it is statutory required. Reply By KASTURI SETHI: The Reply: M/s.Yagay and Sun, Sir, Welcome after long gap. I request you to....
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