A GST-registered composite scheme dealer purchased goods from a seller who issued a 'Bill of Supply' instead of a tax invoice. The seller's details indicate they are not GST registered and have a turnover below 40 lacs. Generally, input tax credit cannot be claimed on a Bill of Supply. To claim credit, you must have a valid tax invoice from a GST-registered supplier. It's crucial to verify the vendor's GST registration status.
11 September 2020
A gst registered composite scheme dealer purchases of some goods .seller invoice details mentioned below: Trade name :xxxxxxxxxx Bill of supply Invoice no.130 , Dt:20-08-2020. Aadhaar no.xxxxxxxx Turnover below 40 lacs Invoice value :35,400/- Question: Dealer above mentioned invoice shown in gst returns accepted under gst act.