What is Composite supply & mix supply

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Accepted Answer

Composite supply is a supply consisting of two or more taxable supplies of goods or services or both, which are naturally bundled and supplied in conjunction with each other.

Composite supply involves multiple taxable supplies bundled together as a single supply.
It is treated as a single supply for tax purposes.
The tax rate applicable to the principal supply is applied to the entire composite supply.
Example: A laptop sold with a laptop bag and a mouse as a single package.
Mixed supply is a supply of two or more individual goods or services, which are not naturally bundled together but are supplied together.
Mixed supply is treated as separate supplies for tax purposes.
The tax rate applicable to each individual supply is applied to the mixed supply.
Example: A combo meal at a fast-food restaurant where items can be purchased separately.

What is Composite supply & mix supply

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What is Composite supply &amp; mix supply

Top Mahindra Finance Accounts Officer interview questions & answers

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What is Composite supply & mix supply