Composite supply of taxable and exempt goods or service
This query is : Open
10 March 2018
Does Composite supply applies for only TAXABLE supplies or for EXEMPT supplies also?
As per Sec. 2(30) of CGST Act, composite supply means a supply made by a taxable person to a
recipient consisting of two or more TAXABLE SUPPLIES of goods or services or both.
That means we can interpret this for supply of ONLY TAXABLE goods or services or both.
Suppose if the composite supply involves one taxable supply and other exempt supply, will the provisions of section 2(30) and Section 8 applies to arrive at Rate for composite supply? Since the definition of composite supply applies only for combination of taxable supplies and not for combination of taxable and exempt supplies.
Please suggest.
As per Sec. 2(30) of CGST Act, composite supply means a supply made by a taxable person to a
recipient consisting of two or more TAXABLE SUPPLIES of goods or services or both.
That means we can interpret this for supply of ONLY TAXABLE goods or services or both.
Suppose if the composite supply involves one taxable supply and other exempt supply, will the provisions of section 2(30) and Section 8 applies to arrive at Rate for composite supply? Since the definition of composite supply applies only for combination of taxable supplies and not for combination of taxable and exempt supplies.
Please suggest.
12 March 2018
Composite supply applies only for taxable supplies supplied together.
Message likes :
1 times
12 March 2018
That means, the illustration given under section 2(30) is contradicting the provisions of section 2(30) as the supply of goods transport service on road is exempt through certain notification. Then how can we charge transport charges at the same rate that of supplied goods?
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Refund Annexure-B
- Liable to deduct tds and 44ADA
- Sale of Equity shares for Purchase of Residential Property
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- ECO SUPPLY REPORTIONG IN GSTR-1
- Is Interest applicable for payment made through credit ledger vide DRC03 for FY 2020-21 & 2021-22
- CCFS 2026 Schemed
- Subscription paid to foreign customer
- Two seprate Invoice needed
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
