Bill of Supply under GST : Free Study Material

By | May 26, 2018
(Last Updated On: June 4, 2018)

Bill of Supply : Free Study Material

Here is the free study material on Bill of supply provisions under GST

What is a Bill of Supply?

There are specified cases when Bill of supply shall be issued by GST registered person  and Tax invoice shall not be issued.

If tax invoice is issued then tax is charged by the person raising the invoice but under bill of supply tax is not charged by the person.

When to issue Bill of Supply 

issue Bill of Supply when no tax invoice is required

A registered taxable person supplying exempted goods or services or both or paying tax under the provisions of section 10 (composition scheme) shall issue, instead of a tax invoice, a bill of supply containing such particulars and in such manner as may be prescribed – section 31(3)(c) of CGST Act.

Refer has been prescribed as follow :-

Rule 49 CGST Rules 2017 : Bill of supply

 Rule 46A CGST Rules 2017 :Invoice-cum-bill of supply 

Rule 55A CGST Rules 2017 :Tax Invoice or bill of supply to accompany transport of goods

Comment:- For issuing Bill of Supply under GST

  1. Person should be registered under GST Act and
  2. person should be supplying exempted goods or services , or
  3. Person paying tax under the provisions of section 10 (composition scheme)

When Bill of Supply is not required to be issued

No Bill of Supply for small value goods and services

The registered person may not issue a bill of supply if the value of the goods or services or both supplied is less than two hundred rupees, subject to conditions as may be prescribed – proviso to section 31(3)(c) of CGST and SGST Act.

 when to issue Invoice cum Bill of Supply

A registered person supplying taxable as well as exempted goods or service or both can issue single ‘invoice cum bill of supply’Rule 46A of CGST and SGST Rules, 2017 inserted w.e.f. 13-10-2017.

what is the Format of Bill of Supply

No format has been specified for bill of Supply but Contents of Bill of supply has been specified.

A bill of supply referred to in section 31(3)(c) of CGST and SGST Act shall be issued by the supplier containing the following details [Rule 49 of CGST and SGST Rules, 2017].

(a)name, address and GSTIN of the supplier
(b)a consecutive serial number, not exceeding 16 characters, in one or multiple series, containing alphabets or numerals or special characters -hyphen or dash and slash symbolised as “-” and “/”respectively, and any combination thereof, unique for a financial year
(c)date of its issue
(d)name, address and GSTIN or UIN, if registered, of the recipient
(e)HSN Code of goods or Accounting Code for services
(f)description of goods or services or both
(g)value of supply of goods or services or both taking into account discount or abatement, if any; and
(h)signature or digital signature of the supplier or his authorized representative.

How many digits HSN codes in Bill of Supply

Relaxation is giving HSN code or accounting code of service and making consolidated invoice as contained in rule 46 shall, mutatis mutandis, apply to the bill of supply issued under this rule also.

Refer

HSN digits for IGST Tax Invoice; Notification No. 5/2017 – Integrated Tax Dated 28th June, 2017

HSN digits for GST Tax Invoice :  Notification No. 12/2017 – Central Tax Dated 28th June, 2017

When other documents are Acceptable instead of Bill of Supply

Tax Invoice or other document under other Act acceptable

Tax Invoice or other document issued under any other Act in respect of non-taxable supply shall be acceptable instead of Bill of Supply – – second proviso to Rule 49 of CGST and SGST Rules, 2017.

Comment : This relaxation is useful for suppliers of petroleum products or alcoholic liquor who are out of GST net.

Bill of Supply by Banks for Exempt Services

Is a “Bill of Supply” to be issued by a  bank for exempt services like interest on loans and advances, inter-se sale or purchase of foreign currency amongst banks?

As per clause (c) of sub-section (3) of section 31 of the CGST Act, 2017 read with Rule 49 of the CGST Rules, 2017, there is a requirement for issuance of bill of supply for supply of exempt services by Banks. It may be noted, however, that there is no need to issue a separate bill of supply in case any invoice or document has already been issued in accordance with the provisions of any other law. Further, in view of the provisions contained in sub-rule (5) of rule 54 of the CGST Rules, 2017, banks may issue any other document in lieu of bill of supply.

Reply to Q 16 as per GST FAQs on Financial Services Sector published by CBIC

Relevant Study material on Bill of Supply

When should bill of supply be issued instead of Tax Invoice under GST ?

Issue Bill of Supply for Inter state Purchase Sale of Foreign Currency under GST

Relevant Rules of CGST Rules on Bill of Supply

 Rule 49 CGST Rules 2017 : Bill of supply

 Rule 46A CGST Rules 2017 :Invoice-cum-bill of supply 

Rule 55A CGST Rules 2017 :Tax Invoice or bill of supply to accompany transport of goods

 GST Tax Invoice Free Study Material  

Eway Bill : Free Video Lectures and Study Material

Bill of Supply under GST : Free Study Material

Also refer http://www.cbic.gov.in/

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