Composite Supply
Definition
Under GST, a supply of two or more goods or services that are naturally bundled and supplied together in the ordinary course of business, with one being the principal supply. The whole supply is taxed at the rate of the principal supply.
Example
Goods sold with transport and insurance arranged as part of the sale form a composite supply, taxed at the rate applicable to the goods.
Related Terms in India GST
GST Registration Threshold
The aggregate turnover above which a business must register for GST in India. Separate limits apply for goods and services and for special-category states, and some businesses must register regardless of turnover. The applicable limit should be checked against the current notification.
Casual Taxable Person
A person who occasionally supplies goods or services in a state or union territory where they have no fixed place of business — for example at an exhibition or seasonal event. They must register in advance and deposit estimated tax for the period.
Non-Resident Taxable Person
A person based outside India who occasionally supplies goods or services in India without a fixed place of business there. Registration is required ahead of supplies, with an advance tax deposit, and the return filed is GSTR-5.
GST TDS
Tax deducted at source under GST by specified recipients — such as government departments and certain public-sector bodies — on payments for taxable supplies above a threshold. It is reported in GSTR-7 and credited to the supplier.
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