Question
A supply comprising of two or more supplies shall be
treated as the supply of that particular supply that attracts the highest rate of tax.Solution
In the context of GST (Goods and Services Tax), a supply comprising two or more supplies with different rates of tax is called a "mixed supply." According to GST law, a mixed supply is treated as the supply of the particular supply that attracts the highest rate of tax among all the supplies included in the mix. This rule helps in determining the tax rate applicable to such mixed supplies.
Consider the following statements regarding the "Global Conference on Cooperation in Enforcement Matters (GCCEM)".
I. The Directorate of Revenue ...
Which public sector has launched a 'Pay As You Drive' vehicle insurance policy ?
Who has recently been appointed as the Deputy Governor of RBI?
Who was reappointed as the Secretary, Department of Defence R&D and Chairman of DRDO until May 31, 2025?
Which city leads the funding in the Indian fintech sector according to the report?
The Union Cabinet has approved the expansion of the Digital India Programme, with a Rs 14,903 crore booster to scale up digital skilling, cybersecurity,...
Recently which regulatory body has signed an MoU with Indian Institute of Management (IIM) Sambalpur, Odisha to strengthen the micro and small enterpris...
______Â has partnered RuPay to roll out the Business Cashback Rupay credit card, an innovative solution tailored to meet the financial requirements of ...
Under the FEMA norms issued by RBI for direct listing on international exchanges, where must the proceeds from the sale of equity shares be remitted or ...
Which of the following statements about China's computer operating system, OpenKylin, is true?