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composition bill issue
can composition scheme business entity issue invoice ? do e need to maintain purchase bills?
Replies (8)
You have to issue bill of supply in place of tax invoice.
do I need to collect tax bill from purchaser
Yes..........
Yes... You can collect Tax invoice from your supplier. But, Can't take ITC on that tax amount. Even you can't quite Taxes on your bill of supply....
I'm not getting bill from my supplier n I'm in compostion scheme ...so wat I will do s issue supply bill is it ryt
No... It's not good.
Your supplier is registered as regular dealer then you get tax invoices must. If your supplier also RD under composition then he ll be issue Bill of Supply....
Your supplier is registered as regular dealer then you get tax invoices must. If your supplier also RD under composition then he ll be issue Bill of Supply....
so if my supplier is reg. as regular I need to pay tax n I need to give supply bill to my customer without tax ?
Yes rajeev.........
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