Composition scheme

Indirect Taxation

Why Bill of Supply is issued instead of Tax invoice

Shankari C

CA Inter

★ 12K+

09-Aug-22 16:55

479

Answers (4)

Because supplier under composition levy should not collect tax from the customers.That is why Bill of Supply is issued

Shankari C

CA Inter

★ 3K+

09-Aug-22 17:01

Shankari C

Because supplier under composition levy should not collect tax from the customers.That is why Bill of Supply is issued

Thanks

Thread Starter

Shankari C

CA Inter

★ 12K+

09-Aug-22 17:02

Because in tax invoice there is tax but in bill of supply there is no tax .

Divy Degda

CA Final

★ 2K+

09-Aug-22 17:04

(Updated)

A Bill of Supply is issued when GST is not applicable on a transaction or when GST is not to be recovered from the customer. And Composition dealers should pay tax under the mechanism (reverse charge)

Sudha Reddy

CA Final

★ 20K+

10-Aug-22 10:35