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BILL OF SUPPLY UNDER GST

Goods and Services Tax - GST - By: - Dr. Sanjiv Agarwal - Dated:- 8-12-2016 Last Replied Date:- 19-12-2016 - What is Bill of Supply As per proviso to section 23 of Model GST Law a registered taxable person supplying non-taxable goods and/or services or paying tax under the provisions of section 8 in relation to composition levy shall issue, instead of a tax invoice, a bill of supply( in lieu of tax invoice) containing the prescribed particulars. Accordingly, for a bill of supply, following point .....

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harged. Particulars in a 'Bill of Supply' According to Rule 3 of draft GST Invoice Rules, a bill of supply issued by the supplier shall contain the following information and details: name, address and GSTIN of the supplier, a consecutive serial number containing only alphabets and/or numerals, unique for a financial year, date of its issue, name, address and GSTIN/ Unique ID Number, if registered, of the recipient, HSN Code of goods or accounting code for services, description of goods o .....

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goods or services requires such bill. Consolidated Bill of Supply According to proviso to Rule 3 of draft GST Invoice Rules, a consolidated bill of supply shall be prepared by the registered taxable person at the end of each day in respect of all such supplies where the bill of supply has not been issued and value of the goods or services supplied is less than one hundred rupees. Accordingly, consolidated bill of supply shall be prepared by the registered taxable person- at the end of each day, .....

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overed in the list of 119 codes. - Reply By JAIPRAKASH RUIA - The Reply = Dear Sir,Please discuss the reverse charge on goods under GST.Please also discuss whether the GST is payable against the advance received from customer for supply of goods. - Reply By Dr. Sanjiv Agarwal - The Reply = Dear Mr. Ruia ji ,We would like to submit as follows in relation to your queries -1) Whether Zero rated supply like EXPORT will be treated as non-taxable goods.Perhaps no, zero rated supply like EXPORT of good .....

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