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TAX INVOICE |
BILL OF SUPPLY |
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It is used for all types of Taxable Sales (Local , Central) |
It is used for all types of Exempt Sales Or Sales by Composition Dealer |
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CGST, SGST, IGST, UTGST to be shown Separately |
No Taxes to be shown on Bill |
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In Case of Unregistered Buyer, Name, Address State, Place of Delivery is compulsorily required if Invoice Value before taxes is more than 50000 |
No Such provision |
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Can be Used for Both Local and Central Sales |
Can be Used for Both Local Sales in Case of Composition Dealer (as Composition Dealer Cannot Make interstate Sales) However, Exempt Sales can be made to both Local and Central Sales |
Common Points About Tax Invoice and Bill of Supply
- Name, Address,GSTIN No of Supplier
- Unique Serial Number of Each Invoice in one or multiple series (Can have Dash – orSlash /.But it should be different series for each year
- Date of Issue of Invoice
- Name, Address,GSTINof Supplier If Registered
- HSN Code of Goods
- Description of Goods
- Quantity as well as Quantity Code or Units
- Total Value
- Discount if any and Taxable Value (Total Value-Discount)
- Place of Supply (It is required For Interstate Sales)
- Address for Delivery
- Signature/Digital Signature of Authorized Signatory
