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GST - Highlights / Catch Notes

Home Highlights August 2019 Year 2019 This

GST is applied on supply of goods or services. If there are two ...

August 28, 2019

Case Laws     GST     AAR

GST is applied on supply of goods or services. If there are two values of any supply, then GST is to be taxed on the higher value of supply. Hence in this case, the higher of the two value i.e. the actual cost of Freight and insurance or the pre contracted fixed freight per unit of the product, shall be included in the value of composite supply.

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