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TMI BlogComposite SupplyX X X X Extracts X X X X X X X X Extracts X X X X ..... Composite Supply X X X X Extracts X X X X X X X X Extracts X X X X ..... ll stay as GTA with no ITC Reply By KASTURI SETHI: The Reply: In my view, it is composite supply. It is important to know the difference between composite supply and mixed supply. Difference between both terms is given in TMI's FAQ which extracted below for convenience:- Composite supply is a supply consisting of two or more taxable supplies of goods or services or both or any combination ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... thereof, which are bundled in natural course and are supplied in conjunction with each other in the ordinary course of business and where one of which is a principal supply. For example, when a consumer buys a television set and he also gets warranty and a maintenance contract with the TV, this supply is a composite supply. In this example, supply of TV is the principal supply, warranty and mainte ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nance service are ancillary. Mixed supply is combination of more than one individual supplies of goods or services or any combination thereof made in conjunction with each other for a single price, which can ordinarily be supplied separately. For example, a shopkeeper selling storage water bottles along with refrigerator. Bottles and the refrigerator can easily be priced and sold separately. Rep ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ly By parmender kochar:
The Reply:
Sir
GTA attract lower GST with No ITC, can we avail full ITC when composite supplied with Clearing & Forwading and when full 18% GST Paid ?
Reply By KASTURI SETHI:
The Reply:
Your principal supply is C. & F. So ln my view, full ITC is admissible. X X X X Extracts X X X X X X X X Extracts X X X X
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