Suppose a firm is in wholesale business supplying goods that are both taxable and exempted. It delivers goods to its customers and collects transportation charges for the same. Is this a Composite supply?
4 Replies
shreelatha
(Articles traineee)
(41 Points)
Replied 28 November 2017
What will be the rate of tax if supply of goods consists of both exempted goods and taxable goods and transportation charges are collected in total?
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 28 November 2017
Which highest rate of Tax in that supply that tax is applicable to all......
shreelatha
(Articles traineee)
(41 Points)
Replied 28 November 2017
E.g. Supply of Rice - Product A 50 bags at Rs 450 per bag ( gst rate is 5%)
Product B 100 bags at Rs 400 per bag ( gst rate is 0%)
Transportation charges collected is Rs 1000
Both are principal goods.
Highest rate is applicable for mixed supply n not composite supply rite?
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