In the Indian GST framework, Mixed Supply refers to a combination of two or more goods or services that are supplied together by a business, where each item can be sold separately, but they are offered as a single package for one price. The key point is that these goods or services are distinct and not naturally bundled or dependent on each other.
From a practical perspective, identifying a Mixed Supply is important because it affects how GST is calculated and paid. In a Mixed Supply, the tax rate applied is the highest rate applicable to any of the individual items in the package. This ensures that the government collects tax fairly when multiple products or services are bundled together.
For small business owners and first-time entrepreneurs, understanding Mixed Supply helps in accurate GST compliance and filing. When preparing invoices or filing returns, it is crucial to classify supplies correctly to avoid errors in tax calculation or legal complications. Mixed Supply rules are especially relevant when launching combo offers, bundled products, or service packages.
To stay compliant and manage your GST effectively, businesses can refer to detailed guidelines and professional support. For comprehensive GST solutions tailored to Indian businesses, including how to handle Mixed Supply, you can visit FinTax24’s GST services. This resource offers practical assistance for smooth tax compliance and filing, helping you focus on growing your business with confidence.