AAAR : Dismisses appeal, free medical instrument supplied with other goods to hospitals, taxable as 'composite supply'

AAAR upholds findings of AAR that placement of specified medical instruments to hospitals, labs, etc. for use without consideration against an agreement containing minimum purchase obligation of products like reagents, calibrators, disposals etc., being conjoint and inter-dependent, constitutes a ‘composite supply’; AAR held such supply to be taxable at 18% with principal supply being the transfer of right to use any goods, under Sl. No. 17 (iii) – Heading 9973 of Notif...