Quiz

Under composite supply, two or more taxable supplies of goods or services or both, or any combination thereof, are naturally bundled and supplied in conjunction with each other, in the ordinary course of business, one of which is a principal supply.

Supplies qualify as 'composite supply' when they are naturally bundled and supplied in conjunction with each other, in the ordinary course of business, one of which is a principal supply.

Yes, the supplies of breakfast and dinner with accommodation in a hotel are considered as composite supply because they are naturally bundled.

<p>In composite supply, two or more taxable supplies are naturally bundled and supplied together, with one being a principal supply. In mixed supply, two or more taxable supplies are provided together for a single price, but they do not amount to composite supply.</p> Signup and view all the answers

<p>No, the supplies of toothbrush along with toothpaste are not considered as composite supply because they are not naturally bundled.</p> Signup and view all the answers

<p>The supplies must be taxable</p> Signup and view all the answers

<p>Two or more taxable supplies are naturally bundled</p> Signup and view all the answers

<p>The supplies are naturally bundled</p> Signup and view all the answers

<p>Supply of breakfast and dinner with accommodation in a hotel</p> Signup and view all the answers

<p>Supply of toothbrush without toothpaste</p> Signup and view all the answers