Supply made under the AFC project would qualify as ‘Composite Supply’, 18% GST applicable: AAR [Read Order]

The Gujarat Authority of Advance Ruling (AAR) ruled that the main purpose of the Automatic Fare Collection (AFC) )system is to compute the fare automatically and issue tickets along with the integration of the system with the banks, the most appropriate HSN classification is to be ‘8470’. Considering the rate of GST prescribed for HSN […]

from Taxscan | Simplifying Tax Laws https://ift.tt/37J9fNq