Meaning of term Mixed supply

What is term Mixed supply

 

The details about Mixed supply are explained here. 

Mixed supply

Mixed supply” means a supply made by a taxable person to  a  recipient  consisting of two or more taxable supplies of goods or services or both, or any combination thereof, which are naturally bundled and supplied in conjunction with each other in the ordinary course of business, one of which is a principal  supply;

Illustration: Where goods are packed and transported with insurance, the supply of goods, packing materials, transport and insurance is a composite supply and supply of goods is a principal supply.

Mixed supply

The following Mixed supplies shall be treated as a supply of services, namely:—

         i.            Works contract as defined in clause (119) of section 2;  and

       ii.            Supply, by way of or as part of any service or in any other manner whatsoever, of goods, being food or any other article for human consumption or any drink (other than alcoholic liquor for human consumption), where such supply or service is for cash, deferred payment or other valuable consideration.

Tax liability on Mixed and mixed supplies

The tax liability on a Mixed or a mixed supply shall be determined in the following manner, namely: —

         i.            a Mixed supply comprising two or more supplies, one of which is a principal supply, shall be treated as a supply of such principal supply;  and

       ii.            a mixed supply comprising two or more supplies shall be treated as a supply of that particular supply which attracts the highest rate of

The information on Mixed supply is detailed above.   Comment below your thoughts on Mixed supply

 

 

 

 

Learn Exports Imports Free, Click here

Click here to know GST rate of your goods or service

Can a person without GST registration claim ITC?

 Why separate Registration of GST in each state in India, for each business.

 Latest date to file GST registration in India

Procedures to obtain GST registration for non-resident taxable person

Is digital signature option available under registration of GST in India?

 Advantages of GST registration in India

Who has to obtain GST registration in India?

Does GST registration number of my firm change time to time in India?

 Is GST registration required for a public sector undertaking?

 Is amendment of GST registration allowed in India?

 Cancellation of GST registration in India

Meaning of term Inspection memo under CGST, IGST Act.

Meaning of term Input Service Distributor under GST

Meaning of Input Tax Credit Mechanism in GST

Meaning of term Input Tax Credit under GST

Meaning of term Input Service Distributor under GST

What is Demand and Recovery provisions under CGST Act

Increase in threshold limit for MSME under GST

What is Income Tax Act liable to GST

Term Tax incidence under GST

GST Returns Means

What is GST Regime

 How does Letter of Credit work?

How does STP units work in India?

How does TT (Telegraphic Transfer) work?

 How does Wire transfer work in international business?

 How is assessable value calculated by customs for imports?

How is IGM filed under high sea sale?

 How many of you know the meaning of Exports and Imports in India?

 How many types of imports in India. Types of bills of Entry in India

How many types of shipping bills in export

 How to add Line number in Import General Manifest in Custom in India

How to amend AWB number in Import General Manifest (IGM)

 How to amend BL number in Import General Manifest (IGM)

How to amend consignee (importer) name in Import General Manifest (IGM)

 How to amend container number in Import General Manifest IGM

How to export from Marshall Islands?

How to Import to Marshall Islands?

How to import to India from Marshall Islands?

How to export from India to Marshall Islands?

How to export from Kosovo?

How to Import to Kosovo?

How to import to India from Kosovo?

How to export from India to Kosovo?

How to export from Portugal?

How to Import to Portugal?


Discussion Forum

You can also share your thoughts about this article.
Any one can answer on question posted by Readers