XYZ is supplying goods by making 1) High Sea Sale 2) Importing, Storing in Customs bonded warehouse without paying import duty. These goods are cleared from customs bonded warehouse by the customer of XYZ by paying import duty. XYZ is simply giving Commercial Invoice without GST. In both the situation since GST is not paid by XYZ, whether XYZ is required to prepare ‘Bill of Supply’ or only ‘Commercial Invoice’ is sufficient?
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Bill of Supply or Commercial Invoice
Replies (1)
Conclusion: For both High Sea Sales and the sale of customs-bonded warehoused goods before home consumption, the transactions are covered under Schedule III of the CGST Act (neither a supply of goods nor services). Therefore, XYZ is not required to issue a Bill of Supply; issuing a standard Commercial Invoice without GST is legally sufficient.
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