gst composite bill


Please briefly explain why you feel this question should be reported .


What is the provision of composite bill issue for a day or month? And the provision of such apply to whom and where?

in progress 0
GST - Invoice vijay Savaliya 3 years 1 Answer 311 views 0

Answer ( 1 )

  1. taxclinic_team700

    Please briefly explain why you feel this answer should be reported .


    Any supply of goods or services will be treated as composite supply if it fulfils BOTH the following criteria:

    Supply of 2 or more goods or services together, AND
    It is a natural bundle, i.e., goods or services are usually provided together in normal course of business. They cannot be separated.

    Illustration : Where goods are packed, and transported with insurance, the supply of goods, packing materials, transport and insurance is a composite supply. Insurance, transport cannot be done separately if there are no goods to supply. Thus, the supply of goods is the principal supply.

    Tax liability will be the tax on the principal supply i.e., GST rate on the goods

Leave an answer

Sorry, you do not have a permission to answer to this question. Please Login to answer this question.