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.
A company has fixed costs of ₹80,000, variable cost per unit ₹40, and selling price per unit ₹60. What is the break-even sales (in units)?
Drawings made by an owner belongs to:
Which of the following is recognized as a Credit Information Company (CIC) in India, authorized by RBI to provide credit scores on individuals?
Within how many days should payment to an MSME supplier be made to allow it as an expense, for the computation of income under Income Tax Act?
The time limit for applying for GST registration is within __________ of becoming liable to obtain GST registration.
Which of the following scenarios correctly reflects the going concern assumption?
Window dressing implies which among the following?
Which term refers to the specific rate of interest carried by a bond?
To save a workbook, __________ function key should be pressed.
What is the charging section under CGST Act, 2017
