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It is a document to be issued by a registered person supplying exempted goods or services or both or paying tax under the provisions of section 10 instead of a tax invoice.
A bill of supply GST shall be issued by the supplier containing the following details:
It is laid in the GST Act that any tax invoice or any other similar document issued in respect of any non-taxable supply shall be treated as a bill of supply for the purposes of the Act.
Yes, the person-in-charge of the conveyance must carry a copy of the bill of supply.
Where the registered person is engaged in effecting both taxable and exempt supplies, he may title the document ‘Tax invoice cum bill of supply’ instead of ‘tax invoice’, ONLY in respect of supplies effected to an unregistered person.
No relation, as it is not possible to take input tax credit based on the bill of supply.
Yes, the provisions of E Way bill apply to a Bill of Supply in GST for consignment value exceeding Rs.50,000/-. Consignment value to mean value of supply as mentioned on the invoice including the applicable tax thereon.
Know More about Time, Place & Value of Supply in GST
E-Way Bill & E-Invoices
e-Invoice from 1st October 2022 for Businesses with Turnover Exceeding 10 Crore
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