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Composition scheme

Kaushik Jain (Student) (6 Points)

22 October 2018

is it mandatory for me to issue invoices to customers after sale of goods ! I have opted for composition scheme.

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5 Replies

Hitesh (Student) (3549 Points)
Replied 22 October 2018

You can issue bill of supply

1 Like

Kaushal Kumar (31 Points)
Replied 22 October 2018

yes , instead of tax invoice ,you have to issue bill of supply mentioning heading of invoice as "bill of supply ". You will not charge any tax amount in your invoice.

1 Like

rahul (a) (1620 Points)
Replied 22 October 2018

yes required to issue bill and in bill also required to mention composition dealer and no sep tax

1 Like

Vinod Babu (24196 Points)
Replied 22 October 2018

you have to issues invoice on outwards supplies.
The invoice should contain Bill of supply.
No gst should should be collected by composition dealer on outward supplies by customer.

2 Like

Pankaj Rawat (GST Practitioner) (55057 Points)
Replied 22 October 2018

Yes its mandatary :
As per section 31(3) (c) , has to Issue Bill of Supply,,... And As per the poviso
He may not issue a bill of supply if the value of the goods or services or both supplied is less than two hundred rupees .
& the recipient is URD does not require such invoice,
You can issue a consolidated Bill of supply for such supplies at the close of each day .

1 Like