Taxability of printing contracts as 'goods' / 'services' dependent on "principal supply", clarifies Finmin

Finance Ministry (TRU) issues clarification on taxability of printing contracts, i.e., whether supply of books, pamphlets, brochures, envelopes, annual reports, leaflets, cartons, and boxes printed with design, logo, name, address or other contents supplied by recipient of such supplies, would constitute supply of ‘goods’ or ‘services’; States that such supply being composite, question of taxability would be determined on the basis of what constitutes the ‘principal...