Bill of supply is a type of invoice generated at the time of selling exempted goods or services exempted under GST by the seller. Businesses who registered under composition scheme can’t charge any tax sell by them, whereas a non-composite dealer also can’t charge any tax on exempted goods and services.
When and who should generate bill of supply ?
- A composite dealer selling goods or services
- Selling of exempted goods or services
- An exporter also has to raise bill of supply instead of tax invoice under GST