Composite Supply

Composite supply is a supply in which goods or services are bundled in the ordinary course of business. For example, breakfast is provided with hotel room booking. In such case, it’s not possible to bifurcate the amount for breakfast and room booking …

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Basics of GST

Goods and Service Tax (GST) is applicable in India from 1st July 2017. Before 1st July 2017, service tax is applicable on services and vat, excise duty etc. are applicable on goods. GST is not applicable on alcohol, crude petroleum, motor spirit, diesel, …

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