When someone want to find tax liability for composite and mixed supply or for composition levy, he must understand the three terms before arriving at decision to tax the transaction. These three terms are distinct with each other and having distinct impact on tax liability of a taxpayer. Therefore we should understand the meaning of these kind of transactions before taxing a transaction as composite or mixed supply or that of composition levy.
Source: taxguru.in
Latest Posts in "India"
- GSTN Introduces E-Invoicing for Reverse Charge Self-Invoices on Domestic and Import Services
- GST Council recommends e-invoicing for reverse-charge purchases and imports of services
- GST Reform May Reclassify Services to Overseas Branches as Exports
- Five States Named Permanent Members of New GST Standing Committee
- Centre Sees Little Scope for Further GST Rate Discussions














