What is composite supply?
What is composite supply?
Chiranjibi Chapagain Aug. 11, 2018
Composite supply can be summarized in 3 points:
- It is a supply of one or more taxable goods or services or both, in any combination by a registered person to a recipient.
- The goods are naturally bundled and supplied in conjunction with each other (in the same bill) in the ordinary course of business.
- One of the goods can be distinguished as a Principal supply, the rest become composite supply. This means that the sale of the other goods is only meaningful, when supplied with a principal goods.
You can use this link for further clarification on composite supply.
