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TMI BlogValuation of goods sold in different units like pair, dozzen, sets, bundles, boxes and units.X X X X Extracts X X X X X X X X Extracts X X X X ..... Client busy in trading of bed sheets. As per tariff, if item is valued under ₹ 1000 then duty rate will be 5% and if value more than ₹ 1000 then rate of duty is 12%. Now issue is he is selling goods in dozens, sets, boxes, pairs, units etc which valued more ₹ 1000 per dozens, sets, boxes etc. Now please suggest at which rate of duty he should cleared the bedsheets. - Reply B ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... y KASTURI SETHI - The Reply = Is Chapter/Heading of both kinds of sheets the same or different ? Chapter 48 and 63 both. Pl. elaborate in detail. - Reply By Rajesh Kumar - The Reply = Sir, Chapter/Heading of both kinds of bedsheets is same ie 63 but selling in different units like dozens, sets. For example he is selling bedsheets 7200/ dozen then one bedsheet costs 600. Then whether he have ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... to charge 5% or 12%. As per tariff, the selling unit should be piece for counting rate of duty. - Reply By KASTURI SETHI - The Reply = Yours is not a case of mixed supply. Example quoted by you attract GST @ 5 %. You are selling a single item. Relevant extract of Board's Flyer No.4 dated 1.1.18 Mixed Supply Under GST, a mixed supply means two or more individual suppli ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... es of goods or services, or any combination thereof, made in conjunction with each other by a taxable person for a single price where such supply does not constitute a composite supply; Illustration : A supply of a package consisting of canned foods, sweets, chocolates, cakes, dry fruits, aerated drinks and fruit juices when supplied for a single, price is a mixed supply. Each of these items ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... can be supplied separately and is not dependent on any other. It shall not be a mixed supply if these items are supplied separately. In order to identify if the particular supply is a Mixed Supply, the first requisite is to rule out that the supply is a composite supply. A supply can be a mixed supply only if it is not a composite supply. As a corollary it can be said that if the transaction co ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nsists of supplies not naturally bundled in the ordinary course of business then it would be a Mixed Supply. Once the amenability of the transaction as a composite supply is ruled out, it would be a mixed supply, classified in terms of a supply of goods or services attracting highest rate of tax. - Reply By Ganeshan Kalyani - The Reply = Selling in dozens, sets etc are method of supply/des ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... patch. It will not alter the price of the product. - Reply By KASTURI SETHI - The Reply = Dear Sh.Kalyani Ji, Your one sentence, rather, two words' has given final touch to my views. Selling in dozens, sets etc are method of supply/despatch. It will not alter the price of the product. Well expressed. - Reply By Ganeshan Kalyani - The ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Reply = Thank you Sir. - Reply By YAGAY andSUN - The Reply = You have to depict the UOM as mentioned against the HSN only, as it is statutory required. - Reply By KASTURI SETHI - The Reply = M/s.Yagay and Sun, Sir, Welcome after long gap. I request you to contribute your views on all the queries answered and unanswered. Thanks regards. - Valuation of goods sold in di ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... fferent units like pair, dozzen, sets, bundles, boxes and units. - Query Started By: - Rajesh Kumar Dated:- 10-8-2019 Goods and Services Tax - GST - Got 8 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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