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What is composite supply?

What is composite supply?

What is composite supply?



0
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.

What is composite supply?



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