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Generally, a business registered under GST has to issue a GST tax invoice to the buyer. Such an invoice mentions the GST rate charged on the goods and services sold, and the seller is able to use the same to collect GST from his buyers, as well as claim ITC on GST paid to his suppliers. However, in case of composite dealers, who are not authorised to collect tax under GST rates, nor are allowed to claim ITC, a tax invoice cannot be issued. The alternative to that is the bill of supply. In short, 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.
The following registered business should issue a Bill of Supply:
The GST law has specified the following particulars that should be present in a Bill of Supply:
Know More about Time, Place & Value of Supply in GST
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