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?
shreelatha (Articles traineee) (41 Points)
28 November 2017Suppose 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?
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...!!!")
(127417 Points)
Replied 28 November 2017
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?
CAclubindia
