How would the tax liability be determined in case of Composite supply?
How would the tax liability be determined in case of Composite supply?
Section 8 of the CGST Act, 2017 states that tax liability in case of composite supply should be determined with reference to the principal supply forming part of such composite supply.
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Composite supplies are taxed at the rate applicable to the principal product.
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Yours sincerely,
Anu, Thakurani's bestie