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1. The nature of supply done by the applicant is one composite supply consisting of two supplies - one relating to the manufacturing service on the physical inputs (goods) owned by others (Service Accounting Code 9988) and the other relating to supply of non-critical components, with the former being the principal supply and is taxable at 18%. 2. The value of the goods provided by principal on free of cost basis for undertaking the job work activity would not form the part of the value of supply.

Job Work — The Applicant is a private limited company and sought advance ruling; ”Whether the value of free of cost supplies by the principal is included in the value of supply by the job worker?“ Authority ruled out that the value of the goods provided by principal would not form the part of the value of the supply and must be excluded while valuing the supply. — Hical Technologies Pvt. Ltd., In Re… [2019] 16 TAXLOK.COM 096 (AAR-Karnataka)