Finmin clarifies taxability of services; Bus body building, tyre retreading constitute "composite supplies"

Govt. (TRU) issues clarifications regarding GST in respect of certain services upon approval of Fitment Committee to the GST Council, inter alia explains that classification of composite service of bus body building as ‘supply of goods’ or ‘supply of service’, would depend on principal supply which shall be determined on the basis of facts and circumstances of each case; Retreading of tyres is also a composite supply, predominant element of which is process of retread...