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TaxTMI 
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TaxTMI 
Composite Supply
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....omposite Supply<br> Query (Issue) Started By: - Kaustubh Karandikar Dated:- 24-5-2023 Last Reply Date:- 28-5-2023 Goods and Services Tax - GST<br>Got 5 Replies<br>GST<br>XYZ is developing a software which is embedded in the product manufactured and then the product is exported by XYZ. XYZ to issue 1) separate tax invoice for goods and service invoice for software or 2) being a composite supply, ....
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....a single invoice for goods and services to be issued and the GST rate applicable for goods being principal supply will be applicable? Reply By Amit Agrawal: The Reply: If same is a composite supply and if principal supply involved is 'goods', then, tax-invoice for goods (i.e. principal goods) supplied (along-with gst as & if applicable) needs to be raised. As you are aware, for zero-rat....
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....e supplies, one has option not charge GST but export the same without payment of taxes under letter of undertaking. These are ex facie views of mine, the same should not be construed as professional advice / suggestion. Reply By Padmanathan Kollengode: The Reply: Need more inputs- Whether the product manufactured is separately marketable without the software? and Whether the software is separa....
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....tely marketable without the product? if not, In my opinion there is only single product (goods) and thus, only a single supply. If not, then one has to examine whether the two independent supplies are naturally bundled in ordinary course of business or not. if they are natural bundled, then its a composite supply. Reply By KASTURI SETHI: The Reply: Dear Sir, It is a composite supply and a sin....
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....gle invoice is required. Reply By Shilpi Jain: The Reply: What is the relevance of this query? Either way it is an export. More factual clarity and reason for query would help to provide specific inputs. Reply By KASTURI SETHI: The Reply: Notwithstanding the factum of export, the correct and crystal reply on the issue will be useful for Home Consumption. Such query deserves more replies/opinio....
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....ns from other experts.<br> Discussion Forum - Knowledge Sharing ....