‘Manufacture’ was previously associated with the laws of Excise, however, since the subsuming of Central Excise Laws into the GST Laws, the relevance of the word ‘Manufacture’ shifted to the new GST Laws. Relevant Provisions of the Law: Section 2(72) of the CGST Act, 2017 defines “Manufacture” as: (72) ―manufacture means processing of raw material […]
‘Mixed Supply’ and ‘Composite Supply’ are defined in the GST Law. The purpose/intent for such specific definition was to differentiate between the two types of supplies so as to determine the appropriate tax rate that would be applicable for such supplies.
