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?
Bill of Supply or Commercial Invoice
Kaustubh Ram Karandikar (Corporate Consultant- Central Excise & Service Tax) (519 Points)
17 September 2021
CAclubindia
