Whether a retailer need to show gst in his invoice separately. Is there any format for a retail invoice. Where do we can get it.
16 Replies
CA Akhilesh Kumar Kandpal
(Proprietor A K Kandpal & Associates)
(1442 Points)
Replied 22 July 2017
there are only two type of invoice...one called tax invoice and one bill of supply.
bill of supply can be issued by only unregistered dealers and composition dealers.
if you a regular dealer than you have to issue tax invoice only, showing gst amount saperately
bill of supply can be issued by only unregistered dealers and composition dealers.
if you a regular dealer than you have to issue tax invoice only, showing gst amount saperately
Sandeep Upadhyay
(1518 Points)
Replied 22 July 2017
Disagree with CA Akhilesh
Bill of supply issued by composition dealer
Tax invoice is issued by registered
Simple bill issued by unregistered
Unregistered can't issue bill of supply
Bill of supply issued by composition dealer
Tax invoice is issued by registered
Simple bill issued by unregistered
Unregistered can't issue bill of supply
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 22 July 2017
I agreed to Mr CA Akhilesh.,
Unregistered can issue Bill of Supply.
What is Simple Bill....?
Unregistered can issue Bill of Supply.
What is Simple Bill....?
Anurag Agarwal
(CA Final, Advocate)
(292 Points)
Replied 22 July 2017
Agreed with Sandeep Ji,
The unregistered person will issue a normal bill. As he is not registered under gst he cannot issue bill of supply. As Bill of supply is covered under gst provisions.
He can issue any type of invoice as per his convinience as he is not registered under gst.
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 22 July 2017
Bill of Supply is also Simple. That contains GST Number for composition dealer.
URD is use BOS without GST number.....
URD is use BOS without GST number.....
CA Akhilesh Kumar Kandpal
(Proprietor A K Kandpal & Associates)
(1442 Points)
Replied 22 July 2017
Mr. Sandeep....please refers me the provision where it says that unregistered dealers can't issue bill of supply,......please read the invoice rules carefully......it says that any person who is dealing wholly in exempted goods shall issue bill of supply, not tax invoice......there is nothing in the law which is called simple invoice.....any invoice which is not tax invoice is called bill of supply....now you can name it anything in your day to day language like retail invoice, simple bill or just bill....but law does not recognise these terms.....
provision is clear....only unregistered and composition dealers can issue bill of supply.....the only difference is that content of bill of supply has been specified in rules but no such specification has been specified for unregistered dealers....
provision is clear....only unregistered and composition dealers can issue bill of supply.....the only difference is that content of bill of supply has been specified in rules but no such specification has been specified for unregistered dealers....
CA Akhilesh Kumar Kandpal
(Proprietor A K Kandpal & Associates)
(1442 Points)
Replied 22 July 2017
my last para was that......the only difference is that the content of bill of supply for composition dealer has been prescribed in rules but no such provision is there for bill of supply for unregistered dealers...
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 22 July 2017
Well said Mr CA Akhilesh Sir....
Keep it Up...
👍👍👍👍👍👍👍👍👍👍👍👍
Keep it Up...
👍👍👍👍👍👍👍👍👍👍👍👍
Sandeep Upadhyay
(1518 Points)
Replied 23 July 2017
@ CA Akhilesh
It is not mentioned in law that unregistered issue bill of supply
So how you assuming that unregistered issue bill of supply and not simple bill or invoice
It is not mentioned in law that unregistered issue bill of supply
So how you assuming that unregistered issue bill of supply and not simple bill or invoice
Sandeep Upadhyay
(1518 Points)
Replied 23 July 2017
@ Raja P M
Difference in bill of supply and simple bill
Bill of supply contains
1Name, address and GSTIN of the supplier
2Bill of supply number (it must be generated consecutively and each bill of supply will have a unique number for that financial year)
3Date of issue
4If the recipient is registered then the name, address and GSTIN of the recipient
5HSN Code of goods or Accounting Code for services**
6Descripttion of goods/services
7Value of the goods/services after adjusting any discount or abatement
8signature of the supplier
Simple bill
1Name, address
2 invoice number
3Date of issue
4 Descripttion of goods/servicesValue of the goods/services after adjusting any discount or abatementSignature of the supplier only
So their is a major difference.
Difference in bill of supply and simple bill
Bill of supply contains
1Name, address and GSTIN of the supplier
2Bill of supply number (it must be generated consecutively and each bill of supply will have a unique number for that financial year)
3Date of issue
4If the recipient is registered then the name, address and GSTIN of the recipient
5HSN Code of goods or Accounting Code for services**
6Descripttion of goods/services
7Value of the goods/services after adjusting any discount or abatement
8signature of the supplier
Simple bill
1Name, address
2 invoice number
3Date of issue
4 Descripttion of goods/servicesValue of the goods/services after adjusting any discount or abatementSignature of the supplier only
So their is a major difference.
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 23 July 2017
Difference between Bill of Supply and Simple Bill (at your language /you said)....
Just GST Number only.....
Just GST Number only.....
CA Akhilesh Kumar Kandpal
(Proprietor A K Kandpal & Associates)
(1442 Points)
Replied 23 July 2017
no point to argue on that....since there is nothing specified for urd....he can issue anything he want except tax invoice....since he is not prohibited to issued bill of supply than he can write bill of supply in his invoice.....nomenclature of his bill does not matter....I just have the objection of sandeep's comment that he cannot issue bill of supply....bill of supply is nothing but retail invoice whose name has been adopted as bill of supply in gst law
Sandeep Upadhyay
(1518 Points)
Replied 24 July 2017
Bill of supply contains GST no as compared to normal bill
So there is difference and urd not issue bill of supply
So there is difference and urd not issue bill of supply
Recent Topics
- Missing invoice in gst
- GST on consultancy
- Linking adhaar to UAN without employer
- WHETHER ITC REVERSAL TH. GSTR 3B OR DRC03
- Advance Tax For Freelancers
- Is fvu 8.8 version available ?
- Interest and penalty on advance tax shortfall
- Joint Account with 3 legal heirs.......
- TCS adjustment
- GST audit and scrutiny
Related Threads
CAclubindia
